The basic sector recycles corporate and personal incomes in ways that meet the demands of firms and households locally.

Name: The basic sector recycles corporate and personal incomes in ways that meet the demands of firms and households locally.
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Question

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The basic sector typically refers to the part of an economy that generates external income through exporting goods or services, rather than recycling local incomes to meet local demands, which is more characteristic of the non-basic or service sector.

The Basic Sector Recycles Corporate and Personal Incomes in Ways