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SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Demonstrate an understanding of the principles of supply and demand, and the concept: production 
SAQA US ID UNIT STANDARD TITLE
13998  Demonstrate an understanding of the principles of supply and demand, and the concept: production 
ORIGINATOR
Interim SGB for Business, Commerce, Mgmnt Studies 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Generic Management 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
ABET Level 4  Regular  Level 1  NQF Level 01  2 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
A candidate credited with this general competence will be able to: demonstrate an understanding of production, and its impact on the South African economy. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
ABET Level 3. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Demonstrate an understanding of the principles of supply and demand. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. The concept of supply and demand of goods and services is identified and discussed. 

ASSESSMENT CRITERION 2 
2. Factors impacting on supply and demand are outlined. 
ASSESSMENT CRITERION RANGE 
Seasons ; Consumer behaviour, cost of production, etc.
 

ASSESSMENT CRITERION 3 
3. The link between price and supply and demand is explained. 
ASSESSMENT CRITERION RANGE 
Seasons ; Consumer behaviour, cost of production, etc.
 

ASSESSMENT CRITERION 4 
4. An understanding of price determination is demonstrated. 
ASSESSMENT CRITERION RANGE 
Production cost, overheads, marketing expenses, etc.
 

SPECIFIC OUTCOME 2 
Demonstrate an understanding of the factors of production. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. The concept production is explained. 

ASSESSMENT CRITERION 2 
2. Factors of production are discussed. 
ASSESSMENT CRITERION RANGE 
Land, Labour, Capital, Entrepreneurship
 

ASSESSMENT CRITERION 3 
3. An understanding of the factors of production is demonstrated practically. 
ASSESSMENT CRITERION RANGE 
Case study, etc.
 

ASSESSMENT CRITERION 4 
4. The importance of production is discussed. 
ASSESSMENT CRITERION RANGE 
Satisfy needs, create wealth, to be self sufficient
 

ASSESSMENT CRITERION 5 
5. The role of technology in production is debated. 
ASSESSMENT CRITERION RANGE 
Positive: mass production, cost effective etc. Negative: leads to unemployment, health hazards etc.
 

SPECIFIC OUTCOME 3 
Demonstrate an understanding of the impact of the factors of production on the South African Economy 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. The impact of labour on the South African Economy is discussed. 
ASSESSMENT CRITERION RANGE 
Ratio of skilled to unskilled labour, rising unemployment, migrant labour, labour demands, living wages, etc.
 

ASSESSMENT CRITERION 2 
2. The factors underlying the scarcity of land are explored. 
ASSESSMENT CRITERION RANGE 
Imbalances in land ownership, geographical factors, etc.
 

ASSESSMENT CRITERION 3 
3. The flow of capital in the South African Economy is investigated. 
ASSESSMENT CRITERION RANGE 
Investment flow, exchange rates, role of Reserve Bank, etc.
 

ASSESSMENT CRITERION 4 
4. The impact of entrepreneurial skills on the South African Economy is debated. 
ASSESSMENT CRITERION RANGE 
Positive: Improvement of SA Economy, creation of wealth ; etc. Negative: Unemployment, Lack of skills, etc.
 


UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
Exchange rates
Price determination
Remuneration for each factor of production. 

UNIT STANDARD DEVELOPMENTAL OUTCOME 
1. Reflecting on and exploring a variety of strategies to learn more effectively;
2. Participating as responsible citizens in the life of local, national and global communities;
3. Being culturally and aesthetically sensitive across a range of social contexts;
4. Exploring education and career opportunities; and
5. Developing entrepreneurial opportunities. 


Critical Cross-field Outcomes (CCFO): 

UNIT STANDARD CCFO IDENTIFYING 
Identify and solve problems in which responses display that responsible decisions using critical and creative thinking have been made. 

UNIT STANDARD CCFO WORKING 
Work effectively with others as a member of a team, group, organisation and community. 

UNIT STANDARD CCFO ORGANISING 
Organise and manage oneself and one`s activities responsibly and effectively. 

UNIT STANDARD CCFO COLLECTING 
Collect, analyse, organise and critically evaluate information. 

UNIT STANDARD CCFO COMMUNICATING 
Communicate effectively using visual, mathematical and/or language skills in the modes of oral and/or written presentation. 

UNIT STANDARD CCFO SCIENCE 
Use science and technology effectively and critically, showing responsibility towards the environments and health of others. 

UNIT STANDARD CCFO DEMONSTRATING 
Demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation. 

REREGISTRATION HISTORY 
As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
  ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
Core  24153   General Education and Training Certificate: Adult Basic Education and Training  Level 1  NQF Level 01  Passed the End Date -
Status was "Reregistered" 		 2008-09-13  Was ETDP SETA until Last Date for Achievement 
Core  50584   General Education and Training Certificate: Clothing Manufacturing Processes  Level 1  NQF Level 01  Passed the End Date -
Status was "Reregistered" 		 2023-06-30  FPMSETA 
Core  50225   General Education and Training Certificate: General Forestry  Level 1  NQF Level 01  Passed the End Date -
Status was "Reregistered" 		 2023-06-30  FPMSETA 
Core  65969   General Education and Training Certificate: Human Settlements Development  Level 1  NQF Level 01  Passed the End Date -
Status was "Reregistered" 		 2023-06-30  CETA 
Core  49082   GETC: Wood Products Processing  Level 1  NQF Level 01  Passed the End Date -
Status was "Reregistered" 		 2023-06-30  FPMSETA 
Core  23253   National Certificate (GETC): Manufacturing, Engineering and Related Activities  Level 1  NQF Level 01  Passed the End Date -
Status was "Reregistered" 		 2023-06-30  MERSETA 
Core  20287   National Certificate: Farming  Level 1  NQF Level 01  Passed the End Date -
Status was "Reregistered" 		 2023-06-30  AgriSETA 
Core  24198   National Certificate: Construction Material Manufacturing  Level 2  NQF Level 02  Passed the End Date -
Status was "Reregistered" 		 2023-06-30  CETA 
Core  20893   National Certificate: Human Resources Management and Practices Support  Level 4  NQF Level 04  Passed the End Date -
Status was "Registered" 		 2005-02-13  Was SABPP until Last Date for Achievement 
Core  21728   National Certificate: Labour Recruitment Consultancy  Level 4  NQF Level 04  Passed the End Date -
Status was "Registered" 		 2004-06-12  SERVICES 
Elective  48642   General Education and Training Certificate Housing: Housing Consumer Education  Level 1  NQF Level 01  Passed the End Date -
Status was "Reregistered" 		 2009-05-13  Was CETA until Last Date for Achievement 
Elective  71751   General Education and Training Certificate: Adult Basic Education and Training  Level 1  NQF Level 01  Passed the End Date -
Status was "Reregistered" 		 2023-06-30  As per Learning Programmes recorded against this Qual 
Elective  73249   General Education and Training Certificate: Adult Basic Education and Training: Academic Curriculum  Level 1  NQF Level 01  Passed the End Date -
Status was "Reregistered" 		 2023-06-30  UMALUSI 
Elective  20183   National Certificate: Banking  Level 2  NQF Level 02  Passed the End Date -
Status was "Reregistered" 		 2015-06-30  BANKSETA 
Elective  20654   National Certificate: Craft Bread and Flour Confectionery Baking  Level 2  NQF Level 02  Passed the End Date -
Status was "Reregistered" 		 2006-04-20  Was FOODBEV until Last Date for Achievement 
Elective  20288   National Certificate: Farming  Level 2  NQF Level 02  Passed the End Date -
Status was "Reregistered" 		 2023-06-30  AgriSETA 
Elective  20657   National Certificate: Food and Beverage Processing: Plant Baking Processing  Level 2  NQF Level 02  Passed the End Date -
Status was "Reregistered" 		 2009-02-18  Was FOODBEV until Last Date for Achievement 
Elective  64029   National Certificate: Food Processing: Plant Baking  Level 2  NQF Level 02  Passed the End Date -
Status was "Reregistered" 		 2023-06-30  FOODBEV 
Elective  20214   National Certificate: Food and Beverage Processing: Dairy Primary Processing  Level 3  NQF Level 03  Passed the End Date -
Status was "Registered" 		 2004-12-05  Was FOODBEV until Last Date for Achievement 


PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
 
1. 1 Classie Africa 
2. African Apex Apparel (Pty) Ltd 
3. Arden School of Management (Pty) Ltd 
4. Balemi Consulting Pty Ltd 
5. Breakeven 59(PTY) Ltd 
6. CANDYS UNLIMITED COLLECTION Pty Ltd 
7. College of Cape Town - Athlone Campus 
8. Cre8tion Projects 6 PTY LTD 
9. Cumlaude Institute (PTY) Ltd 
10. Dlamini The Siba PTY LTD 
11. EKURHULENI ARTISANS & SKILLS TRAINING CENTRE PTY LTD 
12. Esayidi FET College - Central Office 
13. FALSE BAY TECHNICAL VOCATIONAL EDUCATION & TRAINING COLLEGE 
14. Furniture World Training Centre 
15. Green Earth Training & Development (Pty) Ltd 
16. Greenrim Training 
17. HLUVUKA TRAINING AND CONSULTING 
18. Hot To Go Training College and Services 
19. Imara Umbono Incorporated (Pty) Ltd 
20. Impela Trading cc 
21. In House Media Instruction 
22. Inter-Coastal Business & Property Services cc 
23. Inyathi Visions 
24. Kelmik Training Centre (Pty) Ltd 
25. Knoop Academy NPC 
26. Legal Environment Safety & Health Requirements cc 
27. Leronsa Trading Enterprise 
28. Longata Consultant 
29. Malitinne (Pty) Ltd 
30. MALKAI DEVRANI HOLDINGS PTY LTD 
31. Mananthatshema Skills Dev. Centre 
32. Matatiele Fashion Design Academy (Pty) Ltd 
33. Mbimbini Training and Community Development 
34. Meals on Wheels Community Services - South Africa 
35. Mnambithi TVET College 
36. Modiehi Consulting & Projects (Pty) Ltd 
37. Nedbank Ltd 
38. New Heights 1082 
39. Ngaphakathi Investments 
40. Ngcebo Consulting (Pty) Ltd 
41. Nolwazi Dev Centre (Pty) Ltd 
42. Northlink College 
43. Nurture-Nature Resources (Pty) Ltd 
44. Optimum Capacity (Pty) Ltd 
45. Phambile Skills Training (Pty) Ltd 
46. Premier Agric (Pty) Ltd 
47. Professional Development and Training Institute (Pty) Ltd 
48. Redefined Skills Training & Development (Pty) Ltd 
49. SEOPOSENGOE TRAINING CONSULTANCY CC 
50. Setlakala Business Development 
51. Silungokuhle (Pty) Ltd 
52. Siyasanga Training Centre 
53. South African Forestry Training College 
54. South Cape Public FET College - George Campus 
55. South West Gauteng Tvet College 
56. STUDIO 05 HOUSE OF FASHION 
57. Take Note Trading 227 cc 
58. Taletso FET College - Central Office 
59. Tebkhan Investments (Pty) Ltd 
60. Tembe Service Providers 
61. The Brokers Learning Centre 
62. The Institute of Fashion and Garment Technology (Pty) Ltd 
63. The Skills Development Hub (Pty) Ltd 
64. Thunderflex3 Pty (Ltd) 
65. Thuto Skills Development 
66. Tirhani SkillsTraining Pty Ltd 
67. Trade Call Investments Apparel (Pty) LTD 
68. Trade Call Investments Apparel (Pty) Ltd (Mobeni) 
69. Try Easy Electrical Solutions 
70. Tshwane North College 
71. U AND G TRAINING (PTY) LTD 
72. VELA VEZI 
73. Vijay Bhagwan Consultancy and Solutions cc 
74. VINE APPAREL (PTY)LTD 
75. Visionary Skill Academy 
76. VPK BUSINESS VENTURE C C 
77. Yangantle Trading 


All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.