Answer to Question #237210 in English for MERLANE

Question

Assignment 1: Eco 3641 2021
Critically analyse the South African economy using the discussion on South African economy given.
An economy is an area of:(SA economy as Mixed economy)
(1) production- the process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (output). It is the act of creating an output, a good or service which has value and contributes to the utility of individuals,
(2) distribution (the way total output, income, or wealth is distributed among individuals or among the factors of production ,such as labour, land, and capital)and;
(3) trade ( the transfer of goods or services from one person or entity to another, often in exchange for money), as well as

Answer 1

The economy of South Africa is stable this is because their production level is high, their products are also evenly distributed, and there are also different types of trade going on in South Africa making their economy to be good.