personal sector

personal sector

that part of the economy concerned with the transactions of HOUSEHOLDS. Households receive INCOME from supplying factor inputs to other sectors of the economy and influence the workings of the economy through their spending (consumption of goods and services) and SAVING decisions. The personal sector, together with the CORPORATE SECTOR and FINANCIAL SECTOR, constitute the PRIVATE SECTOR. The private sector, PUBLIC (GOVERNMENT) SECTOR and FOREIGN SECTOR make up the national economy. See also CIRCULAR FLOW OF NATIONAL INCOME MODEL.
References in periodicals archive ?
Its growth in the personal sector is also anticipating huge thrust due to hike in disposable income.
"With emphasis on public and private sectors, we are also focusing on personal sector for employment.
This scheme, he said, has helped in the development of the "personal sector" as a means of livelihood and self-employment.
Later, while addressing another public meeting in the city, Modi said he was working on the growth of ' personal sector'.
The new business unit will trade with immediate effect as "CCL Label TubeDec" and will be part of the global CCL Label Home & Personal sector headed by Ben Rubino, president.
The Australian economy, particularly the personal sector and housing, is horribly over-borrowed.
Credit to the personal sector climbed by 14.1 per cent and that to the corporate sector jumped by 80.4 per cent.
"The objectives of this partnership go far beyond exchanging expertise and mutual interests to the enhancement the capabilities of both parties to introduce the best services, products and solutions," said Abdullah Al-Kanhal, general manager, Marketing at STC's Personal Sector.
And he added: "The economy is still struggling to emerge from the deepest recession in the country's history, the public finances are in an unsustainable position, debt is creating massive difficulties for the personal sector and the banking sector is still in deep crisis."
Within the personal sector, there was continued weak mortgage lending and little evidence of demand for consumer credit.
"The authorities pulled all the levers to deal with it very decisively and very quickly, including a dramatic loosening of fiscal and monetary policy, and the medicine now appears to be working." Major concerns remain over issues such as credit supply, the debt overhang in the personal sector and turmoil in the financial markets.

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