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Transcript
Spheres of Economic Activity
Business Sphere – firms, looking for opportunities to
buy and manage resources.
Responds to demands for goods and services (as
opposed to core: direct needs; public-purpose: its
constitutents)
Propriatorships, partnerships, cooperatives, corporations
One clear goal : making profit! (most valuable outputs to
produce, produce at the least possible cost,
innovation)
Less Developed Country Context – Informal Sphere
Outside government oversight and regulation – could be
illegal, illicit but not necessarily.