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The ____________ sector of an economy is the resource allocation by all households (consumers) and businesses.

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The private sector of an economy is the resource allocation by all households (consumers) and businesses.

An economy is the area of ​​production, distribution, trade and consumption of goods and services. It is generally defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.

A nation's economy is the wealth it derives from business and industry. The Japanese economy grew by more than 10% every year. 3. Uncountable nouns. Economics is about using the minimum amount of money, time, or other resources necessary to accomplish something and wasting nothing.

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