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
Which consequence is associated with unemployment?
Increased consumer spending
Skills enhancement
Financial hardship
Social integration
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
What process involves the transfer of government-owned assets or industries to private ownership?
Infrastructure
Nationalization
Privatization
Commercialization
Which employment type typically involves working fewer hours than full-time employees?
Full-time employment
Part-time employment
Temporary employment
Self-employment
What is a common consequence of prolonged unemployment?
Enhanced skills development
Increased social interaction
Skills erosion
Economic growth
Which economic terminology involves transforming non-commercial activities into market-driven ventures?
Infrastructure
Nationalization
Privatization
Commercialization
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
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
How does infrastructure contribute to economic development?
By promoting social isolation
By increasing government control
By facilitating trade and commerce
By reducing tax revenues