719 B
719 B
Economic System Actor
Definition
The individuals, organizations, and entities that participate in and influence economic arrangements, including their roles, responsibilities, and interactions within different economic systems and their contribution to achieving political economy's objectives.
Source Chapter
Book IV, Chapter 0
Context
Smith's discussion of political economy and its objectives implies the importance of understanding the actors who participate in economic arrangements and their roles in achieving desired outcomes.
Economic Domain
General Theory