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pricte sector provides only those goods and services which help them to maximize profit.
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∙ 10y ago
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What are the objectives of public sector?
1.Ensure the essential goods and services are available for everyone equally; 2.Provide the goods and services that are too important for the security of the country; 3.Provide goods and services that cannot be provided by the private sector.
How macroeconomic equilibrium is attained?
When the demand for goods and services is equal to the goods and services offered (supplied) by firms in the public and private sector of the economy.
When the government produces goods and services it often competes with producers in the private sector?
false
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 goals apply to both public and private sector?
Conduct business in support of operations or missions. Acquire goods and services at reasonable prices.
What are the objectives of public sector?
1.Ensure the essential goods and services are available for everyone equally; 2.Provide the goods and services that are too important for the security of the country; 3.Provide goods and services that cannot be provided by the private sector.
How macroeconomic equilibrium is attained?
When the demand for goods and services is equal to the goods and services offered (supplied) by firms in the public and private sector of the economy.
When the government produces goods and services it often competes with producers in the private sector?
false
What are the features of public sector?
Public sector lacks private motives, there collective ownership, accountable to political leaders and it provides public goods.
What is the definition of service sector?
The service sector is a segment of the economy that provides intangible goods and services to consumers, such as healthcare, education, finance, and entertainment. It does not involve the production of physical goods.
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 goals apply to both public and private sector?
Conduct business in support of operations or missions. Acquire goods and services at reasonable prices.
Is retail sector coming under service sector or not?
RETAIL sector comprise of sales of goods or services to the end user. as such it is a service sector which connotes a service function in terms of distributing goods and services to end-user.
What is produced and exchanged in the real sector?
Goods and Services
What is organizing in retailing?
Organized retail is a sector which consists of the companies which are associated with production or sales of goods and services that operates as private limited organizations which are governed by companies act. The organized retail sector can be characterized.
What are 3 characteristics for a mixed economy?
1)private sector business activity encouraged 2)state control resources in supply of certain goods and services 3)taxes used to collect revenue to pay for state goods and services
What is the entrepreneurial sector?
The entrepreneurial sector includes all organizations and enterprises with the main performance associated with production of goods or services for sale, including state property; private nonprofit organizations rendering services to organizations etc. this sector includes Small Scale Enterprises which are explained below in detail.
