Summary Of "The Economic Aggregates" By Jorge Souto (UNIVERSITY SUMMARIES) / UNIVERSITY SUMMARIES (ePub)
THE ECONOMIC AGGREGATES
Macroeconomics studies an overview of economic aggregates and their interaction. The set of standards, procedures and conventions designed to measure these...
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THE ECONOMIC AGGREGATES
Macroeconomics studies an overview of economic aggregates and their interaction. The set of standards, procedures and conventions designed to measure these aggregates is known as National Accounting or National Accounts. The wealth generated in a country can be articulated around the so-called fundamental macroeconomic equation. A society generates a set of needs that are satisfied through goods, these goods can be classified as consumer goods when they are aimed at satisfying immediate needs (food, clothing, etc.) or investment when they are intended to be part of the production process. For example, a car can be a durable consumer good, if it is intended to be used by a family, or a capital good if it is used as a taxi and thus forms part of the productive apparatus providing services, in this case transportation.
- Autor: Mauricio Enrique Fau
- 2022, Englisch
- Verlag: BOOKS AND SUMMARIES BY MAURICIO FAU
- ISBN-10: 8201689046
- ISBN-13: 9798201689049
- Erscheinungsdatum: 28.01.2022
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