The government sector is one of four economic sectors, along with the household sector, the business sector, and the external sector. Unlike business, the government sector is not profit-oriented but rather provides services for the general welfare.
Macroeconomic Sector
Understanding the Macroeconomic Landscape: A Guide to Economic Actors and their Roles
The economy is a complex system, but at its core, it's all about people and the choices they make. These decision-makers are known as economic actors. They participate in economic activity by consuming goods and services, producing goods and
The Four Pillars of the Economy: Understanding Macroeconomic Sectors
What's it? The Macroeconomic sector is an aggregate group representing economic actors. Economists divide it into four groups: household, business, government, and external sectors. Each represents an actor in the economy. The expenditures of the