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Does the term 'economic agents' mean some individual, firm, gov, int.agencies that..?
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Does the term 'economic agents' mean some individual, firm, gov, int.agencies that play a role in the economy?
Also secondly , when examining the word 'resource' in economics, can a resource be the following: 1.a person (e.g. a employee needed by someone/for soemthing) , 2. money?
Thirdly, is my definition of a recource correct: A resource is anything that can be bought and sold or anythign whatsoever that is of value to a person , be it a economic good or a free good.
Also secondly , when examining the word 'resource' in economics, can a resource be the following: 1.a person (e.g. a employee needed by someone/for soemthing) , 2. money?
Thirdly, is my definition of a recource correct: A resource is anything that can be bought and sold or anythign whatsoever that is of value to a person , be it a economic good or a free good.
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The economical definition of a resource is a commodity or service used to meet human needs and desires. In the categorization of economic resources, there is entrepreneurship, land, labor, and capital. Entrepreneurs are leaders and visionaries. Land includes natural resources and raw materials. Labor includes the work of humans. And, capital is the goods made by humans.
An economic agent is a person, company, or organization that has an influence on the economy by producing, buying, selling or taxation.
An economic agent is a person, company, or organization that has an influence on the economy by producing, buying, selling or taxation.
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#3
I have a question..... How is trade policy being affected by the interaction of economic agents?
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