What is 4 sector economy
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Posted by Aditya Mishra 5 years ago
- 2 answers
Yogita Ingle 5 years 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.
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Nagulan Sundar M 5 years ago
0Thank You