National Economic Life – Self Employment II - JSS3 Civic education Past Questions and Answers - page 1
What type of employment involves individuals working for themselves rather than being employed by an external entity?
Full-time employment
Part-time employment
Temporary employment
Self-employment
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Which consequence is associated with unemployment?
Increased consumer spending
Skills enhancement
Financial hardship
Social integration
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What does infrastructure refer to in economic terms?
The government's control over private assets
The transfer of government-owned assets to private ownership
The physical and organizational structures needed for societal operation
The transformation of non-commercial activities into market-driven ventures
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What process involves the transfer of government-owned assets or industries to private ownership?
Infrastructure
Nationalization
Privatization
Commercialization
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Which employment type typically involves working fewer hours than full-time employees?
Full-time employment
Part-time employment
Temporary employment
Self-employment
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What is a common consequence of prolonged unemployment?
Enhanced skills development
Increased social interaction
Skills erosion
Economic growth
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Which economic terminology involves transforming non-commercial activities into market-driven ventures?
Infrastructure
Nationalization
Privatization
Commercialization
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What is the primary objective of nationalization?
Promoting private ownership of assets
Enhancing competition in the market
Transferring assets from private to public ownership
Reducing government intervention in the economy
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What type of employment may involve working on a specific project or for a limited time period?
Full-time employment
Part-time employment
Temporary employment
Self-employment
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How does infrastructure contribute to economic development?
By promoting social isolation
By increasing government control
By facilitating trade and commerce
By reducing tax revenues
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