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1 year ago

Sectors of an economy are interdependent and are vital in measurement of economy for reason –

Social Studies

1 answer:

svetoff [14.1K]1 year ago

6 0

The sectors of an economy are interdependent and are vital in measurement of economy for reason that includes:

they evaluate the PCI
they evaluate GDP that equals the sum of value of final goods and services in each sector

<h3>What caused an economic interdependence?</h3>

The creation of economic interdependence was caused by factors such as the industrialization, economic advancement, labor specialization, regional production etc.

In the modern times, an economic Interdependence also leads to globalization which triggers international relations and an efficient trading system among economies.

Hence, the sectors of an economy are interdependent and are vital in measurement of economy for reason that includes evaluates the PCI and GDP that equals the sum of value of final goods and services in each sector.

Read more about economic interdependence

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