Grade 7 EMS Term 4 Test + Memo
About this resource
Help your Grade 7 learner prepare for their Term 4 Economic & Management Sciences (EMS) assessment with this 60-mark practice test, complete with a full memorandum. The test has a duration of 1½ hours and focuses on the economy, production and financial literacy.
The test covers:
- Resources and sustainability
- Free goods and economic goods
- Traditional societies
- Factors of production
- Land, labour, capital and entrepreneurship
- Raw materials, inputs and outputs
- The production process
- Primary, secondary and tertiary production
- Economic growth and productivity
- Technology in production
- Personal savings
- Functions of money
- Banking services
- Credit cards, mortgages and fixed deposits
- Internet banking
- Savings accounts
- Interest and responsible saving habits
Total: 60 marks | Duration: 1½ hours | Full memorandum included | PDF format.
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