The components of a three-sector economy are
...The components of a three-sector economy are
Banks, schools and hospitals
Workers, producers and marketers
Households, firms and the government
Producers, retailers and wholesalers
Correct answer is C
The three-sector economy involves three sectors namely, households, business, and government. The addition of the government in an economy results in bringing two variables in an economy. These variables are government expenditure (act as injections to income) and taxation (act as leakage or withdrawals from income).
Which of the following is not a direct tax? ...
In any economic system, which of the following is not an economic problem? ...
The study of economics is necessary mainly because of ...
The term 'oil shock' is used to describe a situation in which ...
One economic implication of over-population is that it ...
An efficient weapon used in resolving dispute between employers and employees is ...
In the firm's production process, marginal cost ...
The main objective of the Economic Community of West African State is to ...