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What is a basic sector?

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Anonymous

16y ago
Updated: 8/18/2022

The non-basic sector in is composed of firms that depend largely upon local business conditions. For example, a local grocery store sells its goods to local households, businesses, and individuals. Its clientele is locally based and, therefore, its products are consumed locally. Almost all local services (like drycleaners, restaurants, and drug stores) are identified as non-basic because they depend almost entirely on local factors.

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Emiliano Torp

Lvl 10
2y ago

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