Question

Describe the 4 major sector according to macroeconomics point of view

Answer 1

(i) Household sector it engaged in the consumption of goods and services.

(ii) Producing sector it engaged in the production of goods and services.

(iii) Goverment sector it engaged in such activities which are related to taxation and subsidies as well as comsumption and production.

(iv)Rest of the world it engaged in exports and inports.

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