Economic Actor

Economic Actor

A person or unit able to use land, labor or capital. An economic actor uses these resources to shape an economy, usually (though not always) for his own benefit. An economic actor may be an individual, a company, a government or even a society as a whole. In general, economic actors are assumed to be rational (that is, they make decisions that would maximize their self interest), though some analysts would contend that many actors are too short sighted to be fully rational. See also: Homo economicus.
References in periodicals archive ?
European investors are interested in Turkey, and therefore we are travelling many countries to tell investors that Turkey is a significant political and economic actor," Simsek told reporters after participating in an economy meeting in Amsterdam.
Traditionalist and bourgeois ideologies, centering on the individual as moral agent, citizen, and economic actor, could not provide justifications for the managerial economy and the managerial state," Francis writes.
Pointing to the major political and economic transformation process Turkey had gone through lately, Simsek said, "Turkey has made a remarkable progress in becoming a more prestigious and effective political and economic actor by activating its potential which was once only written on paper".
In such countries with high levels of corruption, the mafia is an important economic actor.
The French president, who paid his first visit to Turkey since being elected in 2007, underlined Turkey's importance as a political and economic actor but repeating in the clearest terms his well-known opposition to Turkish membership in the European Union.
We are subject to public forces from the economy just like every other economic actor.
The report concludes that higher education is a major economic actor and industry in itself and generates some PS2.
At the crossroads of Africa and Europe, Morocco has become an essential economic actor in north Africa and sub-Saharan Africa on the back of its political stability, open and attractive business climate and experience of Moroccan banks and enterprises in 22 African countries, said Bouhdoud at a forum held by the National US-Arab Chamber of Commerce (NUSACC) themed "North Africa: challenges and opportunities in a transition phase".
Turkey is a significant political and economic actor that has played a crucial role in the Middle East, the Caucasus, Central Asia and Europe in the last decade.
Bygone is the time when the state was an economic actor and a key driver of the development cycles.
Moreover, access to the respective financing source is conditioned by the business and credit worthiness of the economic actor, namely: