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 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
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  Reregistered  2023-06-30  FPMSETA 
Core  50225   General Education and Training Certificate: General Forestry  Level 1  NQF Level 01  Reregistered  2023-06-30  FPMSETA 
Core  65969   General Education and Training Certificate: Human Settlements Development  Level 1  NQF Level 01  Reregistered  2023-06-30  CETA 
Core  49082   GETC: Wood Products Processing  Level 1  NQF Level 01  Reregistered  2023-06-30  FPMSETA 
Core  23253   National Certificate (GETC): Manufacturing, Engineering and Related Activities  Level 1  NQF Level 01  Reregistered  2023-06-30  MERSETA 
Core  20287   National Certificate: Farming  Level 1  NQF Level 01  Reregistered  2023-06-30  AgriSETA 
Core  24198   National Certificate: Construction Material Manufacturing  Level 2  NQF Level 02  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  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  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  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  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. A Z Community Services 
3. African Apex Apparel (Pty) Ltd 
4. AL Development Services cc 
5. Amasiko Trading Enterprise 
6. Aniathu Trading (Pty) Ltd 
7. AQUILA TRAINING 
8. Aranda Textile Mills Pty Ltd 
9. Arden School of Management (Pty) Ltd 
10. Assured Vocational Skills Institute (Pty) Ltd 
11. Avad Projects (Pty) Ltd 
12. Ayasaphe Trading cc 
13. Balemi Consulting Pty Ltd 
14. Better beginning trading and projects pty ltd 
15. Bokamoso Competence (Pty) Ltd 
16. Bonenhle Investments 
17. Bontham Training & Agricultural Consultants 
18. Bosasa Youth Development Centres (Pty) Ltd 
19. Breakeven 59(PTY) Ltd 
20. BT Group of Companies (Pty) Ltd 
21. Btech 
22. Camblish Training Institute (Pty) Ltd 
23. CANDYS UNLIMITED COLLECTION Pty Ltd 
24. Cape Business & Engineering College (Pty) Ltd 
25. Cape Town Workbased Learning Academy 
26. Capricorn TVET College 
27. Changing Women 
28. Chippa Training Academy (Pty) Ltd 
29. Circleway College 
30. CMO Logistics Pty Ltd 
31. Coastal Kzn F.E.T. College - Swinton Road Campus 
32. College of Cape Town - Athlone Campus 
33. Continental Tyres SA (Pty) Ltd (NEW BRIGHTON) (TP) 
34. Cradle Stars Trading Enterprise (Pty) Ltd 
35. Cre8tion Projects 6 PTY LTD 
36. CRK Designs (Pty) Ltd 
37. Cumlaude Institute (PTY) Ltd 
38. Dinaka Business Management & Consulting 
39. DITEBOGO CONSULTANCY CC 
40. Dlabane Investment Holdings (Pty) Ltd 
41. Dlamini The Siba PTY LTD 
42. Do It Again Academy (Pty) Ltd 
43. Dr M Investments 
44. Duzi-Corp 56 
45. Ekurhuleni Artisans & Skills Training Centre (Pty) Ltd 
46. Elimofo Trading& Projects 
47. Esayidi FET College - Central Office 
48. ETS Emergency Training Solutions (Pty) Ltd 
49. Faithworks Development Consultants (Pty) Ltd 
50. FALSE BAY TECHNICAL VOCATIONAL EDUCATION & TRAINING COLLEGE 
51. Fezile Fashion Skills Academy (Pty) Ltd 
52. Flavious Mareka TVET College 
53. Fundakahle Multi-Purpose Co-operative Limited 
54. Furniture World Training Centre 
55. Future Discovery Training Academy CC 
56. Future Dynamics Learning 
57. Gauteng City College 
58. Grandstar Projects 
59. Green Earth Training & Development (Pty) Ltd 
60. Green Enviro & Projects (Pty)Ltd 
61. Greenrim Training 
62. HHO Enterprise 
63. HLUVUKA TRAINING AND CONSULTING 
64. Honey Cube Projects & Services (Pty) Ltd 
65. Hoseah Training and Manufacturing NPC 
66. Hot To Go Training College and Services 
67. I Care Resource Centre 
68. Ikamvelihle Youth Development (Pty) Ltd 
69. Imara Umbono Incorporated (Pty) Ltd 
70. Imbewu Development Institute (Pty) Ltd 
71. Impela Trading cc 
72. In House Media Instruction 
73. In Time Industrial (Pty) Ltd 
74. Inafrica General Trading Pty LTD 
75. Inter-Coastal Business & Property Services cc 
76. INTERACTIVE TUTOR (PTY) LIMITED 
77. INTERMASIKO CC 
78. Intuthuko Yesizwe Community Organisation 
79. Inyathi Visions 
80. Ithemba Lomphakathi Community Organisation 
81. Izintombizekhethelo (Pty) Ltd 
82. Jeppe College of Commerce and Computer Studies 
83. JMC TECHNICAL TRAINING (Bloemfontein)(TP) 
84. Jumpstart Training Institute (Pty) Ltd 
85. kagisho Business Concepts (Pty) Ltd 
86. Kelmik Training Centre (Pty) Ltd 
87. Kingdom Varsity College (Pty) Ltd 
88. Kingsbury International College (SA) 
89. Knoop Academy NPC 
90. Kotton Wear (Pty) Ltd 
91. Kwamahlati Training Services cc 
92. La Gratitude Academy 
93. Legal Environment Safety & Health Requirements cc 
94. Leronsa Trading Enterprise 
95. Letaba TVET College 
96. LFS DESIGNS 
97. LLSM (Pty) Ltd 
98. Longata Consultant 
99. Lucky Neo (Pty) Ltd 
100. Lwaziphezinhle (Pty) Ltd 
101. Maboko Skill Development & Projects 
102. Malitinne (Pty) Ltd 
103. Maluti TVET College 
104. Mananthatshema Skills Dev. Centre 
105. Matatiele Fashion Design Academy (Pty) Ltd 
106. Mbimbini Training and Community Development 
107. Meals on Wheels Community Services - South Africa 
108. Mearnsii Trading cc 
109. Mgadaveni Training Projects (Pty) Ltd 
110. Mlasimbi Catering Primary Co-operative Limited 
111. MMBG Trading & Consulting 
112. Mnambithi TVET College 
113. Modiehi Consulting & Projects (Pty) Ltd 
114. MORTERBOARD TRAINING SOLUTIONS (PTY) LTD 
115. Mphahle Consultancy (Pty) Ltd 
116. Mugazi Consultancy cc 
117. Mukwevho Training and Development 
118. Mwanga Training & Consulting (Pty) Ltd 
119. NDIMASE TRADING 
120. Nedbank Ltd 
121. NELLY-SGUEEJE TRADING 
122. New Heights 1082 
123. Ngaphakathi Investments 
124. Ngcebo Consulting (Pty) Ltd 
125. Nhlanzi Investments (Pty) Ltd 
126. Nikwe Trading (Pty) Ltd 
127. Nkulungwane General Trader cc 
128. Nolwazi Dev Centre (Pty) Ltd 
129. Nomzumbe Trading & Projects (Pty) Ltd 
130. Northlink College 
131. Nosino Projects (Pty) Ltd 
132. Nteko Investments 
133. Ntuthuko Projects & Services 
134. Nurture-Nature Resources (Pty) Ltd 
135. Optimi Workplace 
136. Optimum Capacity (Pty) Ltd 
137. OTP 
138. Pectosource (Pty) Ltd 
139. Penny Lane Fashion School (Pty) Ltd 
140. Phambile Skills Training (Pty) Ltd 
141. PIONEER VOEDSEL (PTY) LTD 
142. Platorand Training Centre 
143. Positive Thinking Consultants CC 
144. Practice Makes Perfect Training Centre 
145. Premier Agric (Pty) Ltd 
146. Prispiri (Pty) Ltd 
147. Production Management Institute of Southern Africa (PMI) - Johannesburg 
148. PRODUCTION MANAGEMENT INSTITUTE SA PTY LTD (PORT ELIZABETH) 
149. Professional Development and Training Institute (Pty) Ltd 
150. Progressive School of Business and Engineering (Pty) 
151. Qualfurn Training & Projects 
152. Re Tshepeng Holdings 
153. Redefined Skills Training & Development (Pty) Ltd 
154. Rekopane Training Centre CC 
155. RI A LINDA SECURITY SOLUTIONS 
156. RJM Investments 
157. Royal Express 
158. RUBICON COMMUNICATIONS 
159. Sabela Learning Academy 
160. Seacrest Investments 156 (Pty) Ltd 
161. Sedibeng TVET College 
162. Sekhukhune FET College - Central Office 
163. SEOPOSENGOE TRAINING CONSULTANCY CC 
164. Setlakala Business Development 
165. Sew Africa Training Centre 
166. Sibalwethu Consultants (Pty) Ltd 
167. Sibonguthando Projects And Services Cc 
168. Silalele Consultants (Pty) Ltd 
169. Silungokuhle (Pty) Ltd 
170. Sinovuyolethu Trading (Pty) Ltd 
171. Siyasanga Training Centre 
172. Souls 4 Life Trading (Pty) Ltd 
173. SOUTH AFRICAN FASHION DESIGNER AGENCY 
174. South African Forestry Training College 
175. South Cape Public FET College - George Campus 
176. South West Gauteng Tvet College 
177. STUDIO 05 HOUSE OF FASHION 
178. Sunrise Skills Training 
179. Swift Skills Academy (SASOLBURG) (TP) 
180. Take Note Trading 227 cc 
181. Talent for Sewing 
182. Taletso FET College - Central Office 
183. Tebkhan Investments (Pty) Ltd 
184. Tembe Service Providers 
185. ThabileTrade 1054 cc 
186. The Brokers Learning Centre 
187. The Finishing College (Pty) Ltd 
188. The Institute of Fashion and Garment Technology (Pty) Ltd 
189. The Skills Development Hub (Pty) Ltd 
190. Thitha Training and Development Services 
191. Thunderflex3 Pty (Ltd) 
192. Thuto Skills Development 
193. Tirhani SkillsTraining Pty Ltd 
194. Tlhole Foundation (PTY) LTD 
195. Trade Call Investments Apparel (Pty) LTD 
196. Trade Call Investments Apparel (Pty) Ltd (Mobeni) 
197. Train Learn and Develop Ltd 
198. True Ruby Trading 1021 cc 
199. Try Easy Electrical Solutions 
200. Tshwane North College 
201. U AND G TRAINING (PTY) LTD 
202. Ubucubu Home Industries 
203. Ubuhle Bengcebo 
204. Udumo Training & Develoment (Pty) Ltd 
205. Umfolozi TVET College (Richards Bay) 
206. Umgano Foundation (NPC) 
207. Umlozi Skills Centre (Pty) Ltd 
208. Umnotho We Afrika Foundation NPC 
209. Umunotho Wealth Management Pty Ltd 
210. Uyabusisa Arts and Development Pty Ltd 
211. Value at Hand (Pty) Ltd 
212. VEB CELE & Associates (Pty) Ltd 
213. Vicmat Consultants 
214. Vijay Bhagwan Consultancy and Solutions cc 
215. VINE APPAREL (PTY)LTD 
216. Visionary Skill Academy 
217. VPK BUSINESS VENTURE C C 
218. Vuliqgondo Research & Manufacturing Centre 
219. Wattville Community Learning College 
220. Western Cape Clothing and Textiles Service Centre 
221. Westrand Graduate Institute Training and Engineering (Pty) Ltd 
222. Wilratty Consultants (Pty) Ltd 
223. Womens Leadership & Empowerment Initiative 
224. World Pace Development & Training Institute (Pty) Ltd 
225. World Pace Development and Training Institute 
226. Yahweh Shammah Socio-Economic Development 
227. Yangantle Trading 
228. York Timbers Pty Ltd 
229. Zoluhle Financial Wellness Pty Ltd 
230. ZUCRO PROJECT CC 



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.