Economics

Represent the producers of goods and services in the economy

• Roles of the household sector

• Roles of the business sector

• Roles of the foreign sector

• Roles of the government sector

They provide the legal and social framework

• Roles of the government sector

• Roles of the household sector

• Roles of the business sector

• Roles of the foreign sector

They provide labor as an input in the production process

• Roles of the business sector

• Roles of the government sector

• Roles of the household sector

• Roles of the foreign sector

They buy goods and services from the business sector using their supply inputs' money

• Roles of the government sector

• Roles of the business sector

• Roles of the foreign sector

• Roles of the household sector

It is when a country cannot satisfy their needs effectively between the closed economy: household, business, and the government

• Roles of the household sector

• Roles of the business sector

• Roles of the foreign sector

• Roles of the government sector

They provide correct for externalities and stabilize the economy

• Roles of the business sector

• Roles of the government sector

• Roles of the household sector

• Roles of the foreign sector

It is a place in the market for goods and services where resources are bought and sold

• Product market

• Resource market

• Mixed economy

• Market economy/capitalism

They are trading with the other countries to gain strong economy so that they will be able to satisfy the needs of their people

• Roles of the government sector

• Roles of the business sector

• Roles of the household sector

• Roles of the foreign sector

It is a place where goods and services produced by businesses are bought and sold to the household

• Resource market

• Product market

• Mixed economy

• Command economy

Is an economic analysis which judges economic condition "as it should be"

• Positive economics

• Normative economics

• Traditional economy

• Command economy