GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The household sector, financial sector, business sector & government sector
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The household sector, tax sector, business sector, & government sector
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The business sector, tax sector, household sector & financial sector
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The financial sector, government sector, corporate sector, & household sector
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Detailed explanation-1: -There are four sectors and three markets in the circular flow of income model. The four sectors are the household sector, the firm sector, the government sector and the foreign sector. The three markets are the goods market, the factor market and the financial market respectively.
Detailed explanation-2: -The 4 different sectors of the economy are primary sector, secondary sector, tertiary sector and quaternary sector.
Detailed explanation-3: -This consists of information technology; media; research and development; information-based services such as information-generation and information-sharing; and knowledge-based services such as consultation, education, financial planning, blogging, and designing.
Detailed explanation-4: -The three dominant sectors of the Indian economy are the primary sector, the secondary sector, and the tertiary sector.
Detailed explanation-5: -The household sector is an institutional sector in national accounts encompassing all households. Institutional sectors within national accounts bring together economic units with broadly similar characteristics and behaviour.