Question

Describe the four major sectors in an economy according to the macroeconomic point of view

Answer 1

Answer:

Mohan das Karam Chand Gandhi

2-Mangal pandey

3-bhagat Singh

4-jawahar Kal nehru

Answer 2

Explanation:

According to macroeconomics point of view, an economy will be divided into 4 major sectors  :

1. Household sector: This sector is the consumer sector, it is engaged in consumption of goods and services. Households spend their income on payment for products and services purchased and payment of tax to government.  

2. Production sector: This sector is involved in manufacturing of products and services. This sector makes amount for factor services to the households, taxes to government and imports of material.  

3. Government sector: This sector is involved in activities related to subsidies and taxation.  

4. External sector: This sector is involved in export and import of products and services.

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