Sentences with phrase «individual economic actors»

In a purely theoretical market sense, you can't expect individual economic actors to behave according to anything but their best interest.

Not exact matches

The early economists thought of the economic actors chiefly as individuals and small businesses.

As described by conservative economist Friedrich von Hayek, it refers to «the observation that the data required for rational economic (decision - making) are distributed among many individual actors, and thus unavoidably exist outside the knowledge of a central authority.»

The Commission was faced with the difficulty of identifying the beneficiary undertakings of the STL regime in this case, as it acknowledged that it was in principle possible to identify 5 major categories of actors: (i) the shipyards offering new built vessels or construction, repair and renovation services, (ii) leasing companies offering financing facilities, (iii) EIGs chartering out and selling vessels, (iv) the investors in those EIGs offering goods and services on a wide range of market (except if they are individuals not exercising any economic activity, in which case the Commission recognised that they were not covered by the Decision), and (v) shipping companies offering maritime transport services buying vessels to the EIGs through the STL system (recital 126).