Economic Actor

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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 ?
Objective: The aim of WORKANDHOME is to develop a new framework for understanding fundamental changes currently taking place to work that situates individuals as economic actors within the context of their wider life domains, household, home and neighbourhood.
By bringing together policy makers and economic actors with a shared interest in optimizing the sustainable use of resources, this networking, branding and sourcing event is set to make a huge splash on the country's environment conservation landscape.
Other meetings are also scheduled with German economic actors and heads of German enterprises set up in Tunisia as Siemens and Draexlmaier.
We know very well external factors have important effects on the behavior of Turkish economic actors.
In these annual meetings, the heads of the central banks and finance ministers of the world countries as well as economic actors from banks and financial institutions come together to discuss the most important issues of the global economy.
The secretary general said: "This is to ensure the mobilization of resources from the economic actors working in the sub-region through the usage of Islamic finance instruments.
But now a new power,a third variable , has come into play:individual economic actors creating a powerful crowd.
By comparison, "optimisation techniques model the decisions made by economic actors in response to a policy change".
Such an opening will reduce the distance, improve intercommunal relations, meet humanitarian needs and improve the market potential of the economic actors in the region as it will be allowing them to trade their goods and services," organisers said.
As Garrett Hardin demonstrated in his seminal 1968 Science article, The Tragedy of the Commons, when individual economic actors benefit from depleting a limited natural resource, none has any incentive to exercise the restraint required to sustain it.
UNCTAD Division on Investment and Enterprise's investment trends section chief Masataka Fujita said that better quality of FDI data benefits economic actors in all countries, and should be placed as a top priority on governments' agenda, reported the Gulf Daily News (GDN), our sister publication.
UNCTAD Division on Investment and Enterprise's investment trends section chief Masataka Fujita told the GDN that better quality of FDI data benefits economic actors in all countries, and should be placed as a top priority on governments' agenda.