IKHLAQ SIR.

    Four Sectors of Economy From the economic point of view, a mixed economy is divided into four sectors.       1. Private Sector: All the enterprises owned by the private individuals or group of individuals belong to the private sector. The private sector consists of companies/firms/enterprises in India  which are not owned by the governmet.                        2. Government Sector: This sector includes public administration, police, defence, framing of laws and  enforcing them. Apart from imposing taxes and spending money on various  infrastructure and healthcare services and education etc., government also undertakes  production activity through its companies like Coal India Ltd. (CIL), National Thermal  Power Corporation (NTPC) etc.  So, all the companies owned by the Central or State  Governments i.e. Public Sector Undertakings (PSUs) also belong to the govern...

 Economics=Economics is the study of how societies use scarce resources to produce valuable goods and services and distribute them among different individuals.  Economics is divided into two major subfields,       *  Microeconomics.  and *Macroeconomics.                        Microeconomics.  Microeconomics is the study of decisions that people and businesses (individual economic agents) make regarding the allocation of resources and prices of goods and services. For example, the study of what mix of products an individual purchase with a given amount of money is part of microeconomic study.  Microeconomics would look at how a particular company whether small or big can maximize its production and capacity so that it can lower prices and better compete with its competitors in its industry.             Macroeconomics.    :  Macroecono...