2.1 Name the document that is a legal agreement between two or more parties - NSC Consumer Studies - Question 2 - 2021 - Paper 1

Two examples of fossil fuels are:

1. Coal - commonly used in power generation and steel production.
2. Natural Gas - utilized for heating, electricity generation, and as a fuel for vehicles.

The repo rate is the interest rate at which the South African Reserve Bank lends money to commercial banks. It influences the overall interest rates in the economy and serves as a monetary policy tool.

Consumers can save electricity in the following ways:

1. Switch off lights when not in use - This simple action can significantly reduce electricity consumption.
2. Use energy-efficient bulbs - Bulbs such as CFLs or LED lights use less energy and last longer than traditional bulbs.
3. Employ solar lights - Utilizing solar-powered lights in gardens can save on electricity while being environmentally friendly.

Provisional tax should be paid by individuals or businesses that earn income which is not subject to employee tax. This includes self-employed individuals and those receiving income from investments.

Provisional tax is paid to the South African Revenue Service (SARS) in two annual payments based on estimated taxable income. Taxpayers must submit a return after each payment with an estimate of their income for the year, adjusting future payments as necessary.

The type of club mentioned is a community-based savings club.

To be a legal club, Siyabuthana must:

1. Have a collective agreement among all members on how funds will be managed.
2. Maintain transparent financial practices including documentation of contributions and expenditures.
3. Hold regular meetings where members can discuss club matters and any changes to the agreements.

To use taps effectively and save water:

1. Fix leaks - Ensure there are no drips or leaks from taps.
2. Install aerators - These devices reduce water flow without decreasing pressure, saving water.
3. Use water judiciously while brushing teeth - Turn off the tap while brushing to prevent wasting water.

To save water when using toilets:

1. Install low-flush toilets - These toilets use less water per flush compared to standard models.
2. Place a brick in the cistern - This reduces the amount of water used per flush without affecting performance.
3. Only flush when necessary - Encouraging users to dispose of waste responsibly will help conserve water.

A scam is a fraudulent scheme that deceives individuals, often involving false promises to gain money or personal information without delivering any legitimate returns.

Three warning signs indicating that this advertisement is a scam include:

1. Request for payment upfront - The requirement of a deposit suggests a lack of legitimacy.
2. Unverified contact details - Using unofficial communication methods makes it difficult to authenticate the business.
3. Promise of quick earnings - Any advertisement that guarantees fast financial returns is often misleading and untrustworthy.

The lack of refuse removal can lead to several negative consequences, such as:

1. Health hazards - Accumulation of waste can attract pests and lead to the spread of diseases.
2. Environmental pollution - Improperly disposed waste contributes significantly to environmental degradation.
3. Decreased property values - A dirty environment can diminish the appeal of a community, thereby lowering property values.

The increase in food prices from 2019 to 2020 can be attributed to multiple factors. Inflation played a significant role, as the rising costs of goods and services lead to higher prices for consumers. Additionally, increased transport costs due to fuel prices also contributed. Other factors include drought conditions affecting agricultural outputs, leading to reduced supply while demand remained constant, further pushing prices up.