The government sector is one of four economic sectors in addition to the household sector, the business sector, and the
Economic Sector
External Sector: Its Effect on the Economy
What's it: The external sector refers to economic actors located outside the country. They include foreign households, foreign businesses, and
Household Sector: Definition and Role in the Economy
What's it: The household sector includes individuals or groups of individuals. A household may consist of one or several people who live in the
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Four Business Organizations in the Private Sector You Need to Know
The four business organizations in the private sector are sole proprietorships, partnerships, private limited companies, and public limited companies.
What are the Factors Causing Deindustrialization
Factors causing deindustrialization occurred due to higher manufacturing productivity, pushing prices and job absorption to continue to fall. The
What Are The Impacts of Deindustrialization?
Deindustrialization brings both positive and negative impacts. First, it could reflect an increase in living standards, so consumers spend more
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What is the Difference Between Private Sector and Public Sector
Ownership and motives in providing goods and services are the main differences between the private sectors and public sector. Yet, both play a vital
4 Types of Business Sector You Need to Know
The business sector is divided into four types: primary, secondary, tertiary, and quaternary. Each consists of many businesses, ranging from small
What Are the Positive and Negative Effects of Industrialization?
Industrialization brings both positive and negative effects. During industrialization, the manufacturing sector enjoyed a rapid increase in output. It
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Macroeconomic Sector: Types, Roles
What's it: Macroeconomic sector is an aggregate group representing economic actors. Economists divide it into four groups: household, business,
Government Sector: Meaning, Budget, and Impact on the Economy
What's it: Government sector includes all institutional units consisting of the central government, state governments, and local governments.
Industry: Meaning, Classification
An industry is an economic activity related to processing raw materials and manufacturing goods in factories. This definition is synonymous with
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Dutch Disease: Meaning, Examples, Causes and Possible Solutions
What's is: Dutch Disease is a term that describes an economic phenomenon when the exploitation of natural resources triggers weakness in other
Privatization
Privatization is the transfer of ownership from the public sector to the private sector. The government sells state-owned companies to private buyers.
Public Sector: Definition, Role, Pros, and Cons
What's it: The public sector is the economic sector controlled by the state and includes the central government, local governments, and
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Deindustrialization: Definition, Causes, and Effects
Indonesia is facing deindustrialization. We see the contribution of its manufacturing output to gross domestic product continues to fall, from 28% in