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To spend income and consume
What else can I help you with?
What is the household sector?
The household sector includes the entire population of society. It includes all of the consumption-seeking members of society--the entire population. It IS society. In effect, the economy exists to satisfy the wants and needs of the household sector.Members of the household sector also own all of the factors of production, all resources. Every resource, every worker, every factory, every acre of land, every risk-taking entrepreneur is owned by someone in the household sector. This means that the other two domestic sectors--business and government--exist to satisfy the wants and needs of the household sector.
What are the two sectors model economy?
The two sector model consists of the: Household Sector: The household sector includes everyone in an economy who consumes goods and services. Business Sector: The business sector contains the private, profit-seeking firms in the economy that combine scarce resources into the production of wants-and-needs satisfying goods and services.
What is three-sector economy?
In a Three-sector economy ,along with the household sector & business sector there is government sector too.Because the government can influence on the circular flow of income in 2 ways.1.It collects taxes[=T] from households & firms,and2.it makes various payments [=G] to household & business sectors.Here taxes can be taken as a lekage & government expenditure as an injection.
In a Circular Flow Model consisting of the Household Sector The Business Sector Product Markets and Resource Market...?
Businesses are sellers of products.
What is the role of industrial sector in economic development?
specific roles of industry
Roles and functions of accountant in a banking sector?
roles of accountant in a banking sector
What is a household sector?
Household sector is a term referring to the individual persons in individual households and their correlation to society, particularly the economy.
What is the household sector?
The household sector includes the entire population of society. It includes all of the consumption-seeking members of society--the entire population. It IS society. In effect, the economy exists to satisfy the wants and needs of the household sector.Members of the household sector also own all of the factors of production, all resources. Every resource, every worker, every factory, every acre of land, every risk-taking entrepreneur is owned by someone in the household sector. This means that the other two domestic sectors--business and government--exist to satisfy the wants and needs of the household sector.
What are the roles of jua Kali sector in Kenya?
ok
What are the roles of private sector in tourism?
i don't no that u
What are the two sectors model economy?
The two sector model consists of the: Household Sector: The household sector includes everyone in an economy who consumes goods and services. Business Sector: The business sector contains the private, profit-seeking firms in the economy that combine scarce resources into the production of wants-and-needs satisfying goods and services.
What were the roles of men in ancient Mesopotamia?
They were the head of the household and they sometimes took on political roles.
What is the role of industrial sector in development?
specific roles of industry
What is three-sector economy?
In a Three-sector economy ,along with the household sector & business sector there is government sector too.Because the government can influence on the circular flow of income in 2 ways.1.It collects taxes[=T] from households & firms,and2.it makes various payments [=G] to household & business sectors.Here taxes can be taken as a lekage & government expenditure as an injection.
In a Circular Flow Model consisting of the Household Sector The Business Sector Product Markets and Resource Market...?
Businesses are sellers of products.
What are the roles of a credit officer in a banking sector?
to give loan to comsumer
What is the role of industrial sector in economic development?
specific roles of industry
