Which sector is referred to as the non-basic sector?

The non-basic sector refers to businesses that primarily serve the local population and are not reliant on external spending or investments to sustain their operations. This would include sectors like local restaurants, small shops, and services that cater to the day-to-day needs of residents.

These businesses contribute to the local economy by circulating money within the community rather than bringing in revenue from outside sources. In contrast, basic sector businesses, such as export-focused companies and manufacturing industries, are involved in activities that generate income from outside the local economy and often stimulate the economic growth of the region.

By identifying the non-basic sector as those businesses dependent on locals, it highlights their role in maintaining the local economy's stability and supporting community needs. Understanding this distinction is crucial for analyzing economic dynamics at both local and regional levels.