1.

Q-List the sector of an economy on the basis of economic units incurring final expenditure

Answer» A\xa0sector\xa0is an area of the\xa0economy\xa0in 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\xa0economy\xa0into different\xa0sectors\xa0allows for more in-depth analysis of the\xa0economy\xa0as a whole. A four-sector model of economy includes households, businesses,\xa0government, and foreign trade. In four-sector economy,\xa0exports\xa0are the injections in the national income, while import act as leakages or outflows of national income.


Discussion

No Comment Found