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The Interdependence Between the Major Sectors, Markets

The Interdependence Between the Major Sectors, Markets

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Published by kashalala

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Published by: kashalala on Mar 02, 2010
Copyright:Attribution Non-commercial

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08/13/2010

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Chapter 3THE INTERDEPENDENCEBETWEEN THE MAJORSECTORS, MARKETS ANDFLOWS IN THE MIXEDECONOMY
 
Major Sectors
Major
Sectors
in a
mixed economy
:
 – 
Households
:
sellers
in the factor markets,
buyers
in the goods market; determine
what
should be produced
 – 
Firms
:
buyers
in the factor markets;
sellers
inthe goods market; determine
how
to produce
 – 
Government 
:
buyer
in the factor & goodsmarkets;
taxes
;
transfer payments
 – 
Foreign sector 
: open economy; BP; X; Z
Chapter 3 The interdependence between the major sectors, markets and flows in the mixed economy © Van Schaik Publishers
2
 
Chapter 3 The interdependence between the major sectors, markets and flows in the mixed economy © Van Schaik Publishers
3
Box 3-3The Public Sector in South Africa

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