which among the following is not included in closed economy
a.
Answers
Answer:
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Answer:
Hope this helps you
Explanation:
In a closed economy, foreign sector is not included. In a closed economy, there are only two sectors involved, namely, household sector and producer sector.
In a closed economy, foreign sector is not included. In a closed economy, there are only two sectors involved, namely, household sector and producer sector.a) Household sector: It includes consumers of goods and services. Households are also the owners of the factors of production.
In a closed economy, foreign sector is not included. In a closed economy, there are only two sectors involved, namely, household sector and producer sector.a) Household sector: It includes consumers of goods and services. Households are also the owners of the factors of production.b) Producer sector: It includes all producing units in the economy. For the production of goods and services, the firms purchase factors of production.