Commerce economic sectors

Household Sector

Individuals and families who consume goods and services and may provide resources (like labour, land, capital, and entrepreneurship) to producers.

Producer Sector

Businesses and firms that produce goods and services for consumers using resources provided by households, aiming to make a profit.

Government Sector

The part of the economy that collects taxes, provides public goods and services, and regulates economic activity.

Financial Sector

Institutions (like banks) that manage money, provide loans, offer savings and investment services, and facilitate the flow of funds in the economy.

Overseas Sector

The part of the economy involving trade with other countries, including imports (buying goods/services from overseas) and exports (selling goods/services to overseas markets).

Direct Effect

An immediate result caused by an action, decision, or event.

Flow-On Effect

An indirect or secondary result that happens because of the direct effect.

Consequence

The outcome — positive or negative — of a particular action, event, or decision.

Evaluate

To judge the value, quality, or impact of something by considering strengths, weaknesses, and overall effectiveness.

Interdependent

When two or more parties rely on each other for mutual benefit.

Financial Interdependence

A relationship where two or more parties rely on each other for financial resources or economic benefit.

Event

A specific occurrence that causes a change or impact within the economy.