write the major sector of microeconomics and macroeconomics ?
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The four aggregate macroeconomic sectors that form the foundation for macroeconomic analysis are the household sector, the business sector, the government sector, and the foreign sector.
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Four major sectors in an economy according to the macroeconomic point of view are:
- a) Household sector: It includes consumers of goods and services. Households are also the owners of the factors of production.
- 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.
- 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.c) Government sector: It includes government as a welfare agency and government as producer.
- 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.c) Government sector: It includes government as a welfare agency and government as producer.d) The external sector: It includes all such activities which are related to export and import of goods, and the flow of capital between the domestic economy and rest of the world.
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