3 Note: The payment above exclude interest.
Purchased stock, R3 200 and stationery, R200 on credit from Sunbird Stores,
invoice 56.
8
Paid 60% of the amount owing to Jade Traders by EFT.
9
Bought trading stock on credit from Rani Wholesalers for R5 000, a 10% trade
discount was allowed on the invoice no.270.
10
Bought goods on credit from Jade Traders , R4 000 per invoice 38.
44 marks​

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; commerce clearing house;