answersLogoWhite

0


Best Answer

Private sector

User Avatar

Bethel Grady

Lvl 10
2y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What part of the economy involves the transactions of individuals and businesses?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Which part of the economy involves the transactions of individuals and businesses?

Private sector


Is the part of the economy that involves the transactions of the government?

Public Sector


A city has a shortage of parking spaces for a businessShould the city build a new parking garage or leave it up to the private sector?

This city should build a new parking garage because it should not be up to the private sector to do so. Private Sector - The part of the economy that involves the transactions of individuals and businesses


A country in which some businesses are owned by individuals and other businesses are owned by the government has a?

(For Apex Learning) Mixed economy.


What kind of economy is one in which individuals and businesses make most economic decisions?

Market.


What is a true market economy?

Supply and demand influences the economic decisions of businesses and individuals.


The public sector is that part of the economy that is made up of individuals and privately-owned businesses?

The sector of the economy which is paid for or operated by the government.


Transactions made between households and businesses in a market economy are illustrated in which model?

marginal utility model ....i think circular flow model....


What is the basic consuming unit in the economy?

The Economic Unit. Composed of millions of individuals, businesses, and government units.


Which of the following describes a market economy?

(Apex Learning) Individuals own businesses, and they compete with one another for profits.


Why did the Russian federation sell businesses to private individuals?

they made efforts to build a free-market economy, or an economy in which producers compete freely for consumers' business.


How do businesses and individuals participate in both the product market and the factor markets in the economy?

Businesses in a product market recive revenue from households to pay for the labor that they are using, and in factor markets businesses buy land etc. from households. This keeps the money flowing in the market economy.