Economic sector

Economics sectors 

Economic sector are large groups of the economy grouped according to their place in the production chain, by their kind of work (product or service) or ownership. Primary sector extracts natural materials and provides raw materials for secondary industry.

Privatisation of all sector

There are many advantages when all the private companies are allowed to work with the government sectors. As we know all the government are under controls of political leaders. And they give contract to their beloved ones. But when privatisation is done then political interference starts decreasing. And sectors will work properly.

Government are elected in basic of voting and there is very less chance for a single government to win over 15 years continuously. So they afraid to invest in the infrastructure but privatisation will helps to seek a good growth in infrastructure.

All sectors growth is inequality

We know there are many sectors in economics control. But all these sectors do not grow equally. The reason is that there are limited services of lawyer, managers, etc but there are a huge number of highly skilled workers. As jobs counts are less, so they started their own business at small scale like shopkeeper, small scale industry, workers etc. 

Lockdown impact

As all countries are locked down due to the Corona disease. So it make a great impact on the economy of different countries. The major impact will be seen on Asian countries like Indonesia, India, Pakistan etc. The growth will slow down generally and for small industries it will become difficult to servive in such situations.