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 ?
Now the corporation is not just an economic actor, it is also a social and cultural one, writes Grant McCracken in his book The Chief Cultural Officer: How to Create a Living, Breathing Corporation.
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.
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.
Comparative evaluation is provided in relation to technology gaps and comparative development, the value of education and human capital development, water and food security, the economics and politics of oil, population growth, the role of gender and labor mobility, the role of the state as an economic actor, the economic value of democracy, and the prospects for regional integration.
"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.