Economic Agency

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Economic Agency

A person or unit's ability to use land, labor or capital. Economic agency renders one able to help shape an economy. For example, a person with $5 in his pocket has the economic agency to decide whether to buy a beer from Arnie's or McNellie's. Likewise, a farmer with a piece of land has the ability to decide whether to grow corn or beans. Most analysts believe the agency of numerous economic actors decides how successful (or unsuccessful) an economy is. Followers of determinism, on the other hand, dispute this.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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Last week, DOLE finally sent copies of its draft SOT bill to labor and employers' group, as well as other government economic agencies for comment.
This was Diokno's statement after the BSP and other government economic agencies met recently for the regular Financial Stability Coordination Council (FSCC).
The one-day Financing for Growth conference at the Sandman Signature Aberdeen Hotel, next Thursday, will feature experts from leading banks, private equity firms, corporate finance advisers, law firms and economic agencies.
The head of the delegation of the European Union in Uzbekistan, Eduards Stiprays stated that this project will be aimed at increasing the capacity of state economic agencies, supporting reforms of public services, research, knowledge dissemination, veterinary services, and the development of the value chain.
The consumption is likely to increase in the coming decades following the patterns of growth suggested by economic agencies. This situation signifies the importance of identifying resource-efficient pathways for the cement industry.
Lambino said that before the project was approved and the loan secured, they went through a 'robust' approval process by the Investment Coordination Committee (ICC), an interagency group of government economic agencies.
These comments hint at underlying issues that are pertinent to discussing balancing economic agencies so as to not engender envy and jealously that may then be manifest as acts of sorcery.
The minister also referred to the feedback of international economic agencies about the Egyptian economy, pointing to the agreement of the executive board of the IMFto give Egypt the fifth installment of its $12 billion loan ($2 billion) by the end of the current week, in addition to the statement of IMF's Managing Director Christine Lagarde, commending Egyptian authorities for reforms that have put the country's budget deficit on a declining trajectory, and that have helped reduce theunemployment rate to 10 percent, the lowest since 2011.
The address came amid a grim outlook for Asia's fourth-largest economy, with the government and economic agencies slashing growth forecasts for next year, the stock market plummeting and the job situation remaining bleak, South Korean News Agency (Yonhap) reported.
Council members will come from economic agencies and state banks.
He said the leading economic agencies of the world have said that Pakistan is the 6th largest nation in the world and an emerging market poised for major economic growth.

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