What is 4 sector economy
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Aditya Mishra 4 years, 11 months ago
- 2 answers
Yogita Ingle 4 years, 11 months ago
Four sectors of the economy as follows:
- Producer sector: It includes those involved in productive activities. It includes all producing firms in the economy. To produce goods and services, the firm hires the factors of production from the households.
- Government sector: It acts as a welfare agency involved in maintaining law and order, defence and other services of public welfare. It also produces goods and services in public sector enterprises.
- Household sector: It includes consumers of goods and services and also the owners of factors of production.
- External sector: It involves in export and import of goods and the flow of capital between the domestic economy and other countries of the world.
Related Questions
Posted by Shruti Singh 1 year, 3 months ago
- 0 answers
Posted by Rijum Karlo 1 year, 3 months ago
- 0 answers
Posted by Naman Jain 1 year, 2 months ago
- 1 answers
Posted by Nandita Sharma 1 year, 3 months ago
- 1 answers
Posted by Niyati Garg 1 year, 2 months ago
- 0 answers
Posted by Mehar Ansari 1 year, 3 months ago
- 0 answers
Posted by Dipika Sharma 1 year, 3 months ago
- 0 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Nagulan Sundar M 4 years, 11 months ago
0Thank You