INTRODUCTION TO BUSINESS MANAGEMENT
IBM01B1 – SEMESTER 2
VETICAN CITY STATE CASE STUDY
INFORMAL INDIVIDUAL TASK
TOPIC: THREE ECONOMIC SYSTEMS & BUSINESS ENVIRONMENT (CH. 1)
DUE DATE: 25TH AUGUST 2016 (IN LECTURE)
TOTAL MARKS: 50
INSTRUCTIONS:
This is an individual task which should be submitted during lecture on the 25th August
2016. The case study is accessible online as a presentation and a manuscript. All
students need to ensure that they connect to the University of Johannesburg’s wifi and
access the case study from https://prezi.com/1ubbzvv5ky90/vatican-state-case-study/
and assignments should be typed and student number, surname and initials clearly
indicated.
Questions:
1. Which kind of an economic system is reflected by the political system of the
Vetican City? Motivate your answer. [15]
2. Having answered the above question. What are the advantages and
disadvantages of the economic system followed in the Vetican City? [15]
3. An economic system such as that of the Vetican City is dependent on religion
and there are other economies in India and elsewhere which are based on
religious principles. Can such economies be sustainable? If not why and if yes
why. [20]
S MKWANAZI
LECTURER.
