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| comment | | "parent_author":"",<br>"parent_permlink":"steemiteducation",<br>"author":"zacly",<br>"permlink":"know-the-economy-model-diagram-of-two-sectors-and-three-sectors-20171012t102759978z",<br>"title":"Know the Economy Model Diagram of two sectors and three sectors",<br>"body":"1. Two-Sector Economy\n\nThe two-sector economy is also called a simple economy,<br> because it consists of two actors,<br> namely household consumption (community) and production households (companies). Model flow of production factor,<br> goods and services turnover,<br> and money between household and company can you see in the picture below.\n\n\n ![image (https:\/\/img.esteem.ws\/8i8iixlvln.jpg)\n\n\nFigure 1. The flow of factors of production,<br> goods and services,<br> as well as money between household consumption with the company.\nFrom Figure 1,<br> it is seen that consumer household (RTK) is the owner of production factors in the form of land,<br> labor,<br> capital,<br> and entrepreneurship. Supply of factors of production by these households will meet with demand factor of production by company. This interaction takes place in the production factor market. While in the market of goods,<br> interaction between companies and producers of goods and services. So there is a mutually beneficial relationship with each other. In the diagram also seen the flow of money flow from and to each household. RTK receives wages,<br> leases,<br> interests,<br> and profits from the company as a consideration for the delivery of production factors. The Company receives payment for the goods and services purchased.\n\n\n2. The Three Sector Economies\n\nThe three-sector economy consists of consumer,<br> producer,<br> and government households. The role of government here is as regulator,<br> as producer,<br> as well as consumer. The size of the government's role in the economy itself is highly dependent on the adopted economic system. In the liberal economic system,<br> the role of government is minimal,<br> whereas in the socialist economic system the role of government is very dominant. In a country that embraces a mixed system like Indonesia,<br> the government is still quite instrumental. The three-sector economy can be explained through the following figure.\n\n\n ![image (https:\/\/img.esteem.ws\/w7drjeygtl.jpg)\n\n\n\nFigure 3. Flow of factors of production,<br> goods and services,<br> and money between households,<br> corporations,<br> and governments.\nThe arrows leading to the government box mean government revenue. Government revenue is in the form of taxes,<br> such as income tax,<br> value added tax,<br> and land and building tax. In addition,<br> the government also uses the tools for the economic activities of the government. The arrows lead to the household,<br> the factor market,<br> the company,<br> and the market for goods and services mean government spending. Government expenditures can be in the form of salaries,<br> making of infrastructure,<br> subsidies,<br> and the purchase of goods and services.\n\nThe role of government in economic activities is based on the motive for profit while meeting the public interest. This profit-seeking drive is inseparable from the government's need to increase state revenues. With improved revenue conditions,<br> the government will have the resources to finance its expenditures.",<br>"json_metadata":" \"links\":[ ,<br>\"image\":[\"https:\/\/img.esteem.ws\/8i8iixlvln.jpg\",<br>\"https:\/\/img.esteem.ws\/w7drjeygtl.jpg\" ,<br>\"tags\":[\"steemiteducation\",<br>\"ekonomi\" ,<br>\"app\":\"esteem\/1.4.6\",<br>\"format\":\"markdown+html\",<br>\"community\":\"esteem\" " | | comment_options | "author":"zacly",
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