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What is 4 sector economy

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What is 4 sector economy

    • Posted by Aditya Mishra 3 years, 6 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Nagulan Sundar M 3 years, 6 months ago

    1.product sector 2.government sector 3.household sector 4.external sector

    0Thank You

    Yogita Ingle 3 years, 6 months ago

    Four sectors of the economy as follows:

    1. 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.
    2. 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.
    3. Household sector: It includes consumers of goods and services and also the owners of factors of production.
    4. 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.

    2Thank You

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