Professional Documents
Culture Documents
22nd March 2013
22nd March 2013
A home executive is not considered part of the labour force because they dont go somewhere and offer their service. They dont work physically, they stay at home and work. C. 1. Wages Shop assistant, Factory worker Salaries Nurse, teacher Fees Builders, Accountants Royalties Musicians, Authors Commissions Real estate agents, Door people. 4. Business Sector a. The term Business Sector means all of the firms in an economy b. material, fabric, tyres. 5. Relying on each other a. The household sector depends on the business sector because the businesses provide the goods and services for the household and the household also depends on business sectors for money on their labour work. b. The business sector depends on the household sector for their labour work, and also for them to buy their good and services. Surplus When you earn/save more than you spend Deficit - Spending more than you earn