Sentences with phrase «requiring economic actors»
In reality, novel goods and services may constantly enter markets, thereby requiring economic actors to develop ever more novel strategies: all the relevant variables can not be pre-stated.
https://www.scientificamerican.com/ Not exact matches
They have been required to open their economies to transnational corporations without restriction and to allow these corporations to become the major economic actors.
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.»