Definition: Economic unit

Category: System of Environmental-Economic Accounting

An economic unit—referred to as an institutional unit in national accounting—is an economic entity that is capable, in its own right, of owning assets, incurringliabilities, and engaging in economic activities and in transactions with other entities. http://ec.europa.eu/eurostat/ramon/statmanuals/files/UN_experimental_ecosystem_accounting_2012_EN.pdf
Source:
United Nations; European Union; Food and Agriculture Organization of the United Nations (FAO); Organisation for Economic Co-operation and Development (OECD); The World Bank, "System of Environmental-Economic Accounting 2012: Experimental Ecosystem Accounting", 2014
Created:
Updated: