The government sector is one of four economic sectors in addition to the household sector, the business sector, and the
What's it: The external sector refers to economic actors located outside the country. They include foreign households, foreign businesses, and
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
The four business organizations in the private sector are sole proprietorships, partnerships, private limited companies, and public limited companies.
Factors causing deindustrialization occurred due to higher manufacturing productivity, pushing prices and job absorption to continue to fall. The
Deindustrialization brings both positive and negative impacts. First, it could reflect an increase in living standards, so consumers spend more
Ownership and motives in providing goods and services are the main differences between the private sectors and public sector. Yet, both play a vital
The business sector is divided into four types: primary, secondary, tertiary, and quaternary. Each consists of many businesses, ranging from small
Industrialization brings both positive and negative effects. During industrialization, the manufacturing sector enjoyed a rapid increase in output. It
What's it: Macroeconomic sector is an aggregate group representing economic actors. Economists divide it into four groups: household, business,
What's it: Government sector includes all institutional units consisting of the central government, state governments, and local governments.
An industry is an economic activity related to processing raw materials and manufacturing goods in factories. This definition is synonymous with
What's is: Dutch Disease is a term that describes an economic phenomenon when the exploitation of natural resources triggers weakness in other
Privatization is the transfer of ownership from the public sector to the private sector. The government sells state-owned companies to private buyers.
What's it: The public sector is the economic sector controlled by the state and includes the central government, local governments, and
Indonesia is facing deindustrialization. We see the contribution of its manufacturing output to gross domestic product continues to fall, from 28% in