Business Studies·Aiding and influencing the producer · NSSCO 5.2
Government aid to producers, trade barriers, exchange rates & SADC
Narrated lesson · press play
Governments do not simply leave firms alone. They guide where firms locate, what they produce and how they compete, and they help poorer regions, small firms and exporters. In this lesson we meet those forms of help, then the barriers countries use against foreign goods, then exchange rates — where we convert money both ways on the board, line by line — and finally SADC, weighing up what it means for Namibia.
What you'll learn in this lesson
By the end you should be able to (NSSCO Business Studies 5.2):
- Discuss why and how the government may intervene in the production process: location decisions (local, national, international), production and relationships with other firms
- Discuss why and how the government may intervene in assisting businesses: regional assistance, small firms, and exporting of goods and services
- Evaluate government intervention in production in particular circumstances
- Explain barriers to international trade
- Calculate exchange rates (currency conversion between two currencies)
- Evaluate the implications to Namibia of being a member of SADC
Loading your lesson…
You're watching a free 3-minute preview — create a free account to keep going.