Today's economies are vast and complex both in the types of goods and services being exchanged, as well as in the modes of those exchanges. What set of economic activities, often characterized as the "third sector," exist somewhere in between the market and the state?

Question

Quizplus · Accepted Answer

The social economy is often referred to as the "third sector" because it exists somewhere in between the market and the state. It includes economic activities that are not driven purely by profit but have social or environmental goals, such as co-operatives, non-profit organizations, and social enterprises.

Today's Economies Are Vast and Complex Both in the Types