Q-List the sector of an economy …
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Posted by Nitish Sharma 5 years, 1 month ago
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Meghna Thapar 5 years, 1 month ago
A sector is an area of the economy in which businesses share the same or a related product or service. It can also be thought of as an industry or market that shares common operating characteristics. Dividing an economy into different sectors allows for more in-depth analysis of the economy as a whole. A four-sector model of economy includes households, businesses, government, and foreign trade. In four-sector economy, exports are the injections in the national income, while import act as leakages or outflows of national income.
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