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 ?
Conventionally, a rational economic actor approach has been adopted.
No economic actor has global knowledge about how the different kinds of capital fit together.
We are subject to public forces from the economy just like every other economic actor.
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.
Moreover, access to the respective financing source is conditioned by the business and credit worthiness of the economic actor, namely:
He believed that it was industrial capitalism, not Karl Marx, who had reduced man to simply an economic actor defined by his social position.
The Government must work with the public and the business sector, as a national brand is not something that can be achieved by a single economic actor.
And since Ontario is a national economic actor, it would be folly for this jurisdiction not to compete to attract production since it has so many comparative advantages already.
An economic actor is concerned only incidentally with the interests of other parties to the exchange.
The result of the clearing and settlement process is that an economic actor obtains a bank deposit, which is one component of "money," from another economic actor.