Question

tell me what are economic agent?​

Answer 1

Answer:

plz ask if any problems regarding the answer. Plz do folloy

Answer 2

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• What are economic agent?

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Economic agents refers to the individuals and institutions who take economic decision. Individual economic agents include consumers and producers. They focus on the maximisation of personal gains. Institutional economic units include state or statutory bodies [ like RBI ( Reserve bank of India), SEBI ( Security and Exchange Board of India) and TRAI ( Telecom Regulatory Authority of India) ]. They focus on the maximisation of social welfare. At the micro level,economic decisions are taken largely by the individual economic agents, while at the macro level institutional agents play a significant role.