Answer to Question #8470 in Finance for king

Question

what are the roles played by households,voluntary nonprofit organization,businesses,and government?

Answer 1

Household is the ‘basic residential unit in which economic production, consumption, inheritance, child rearing, and shelter are organized and carried out”
The main role of household is generating Consumption of goods and services

Voluntary nonprofit organization is organization that uses surplus revenues to achieve its goals rather than to distribute them as profit or dividends
Main goal is distribution of revenues among society and helping to helpless (people, animals etc.)

Business is an organization engaged in the trade of goods, services or both to consumers.
Main goal is production

Government refers to the legislation, administration and arbitrators in the administrative bureaucracy who control a state at a given time, and to the system of government by which they are organized.
Main goal: support, control, regulation