What are the 4 types of economic agents?

There are four main categories of economic agents that exist. These four main categories include central banks, governments, businesses, and households or individuals. What is the function of economic agents? The function of economic agents is to impact the economy through their actions.

Who is an economic agent?

Households or individuals consume goods and services. An economic agent is an entity that engages in economic activity. This activity can be buying, selling, or producing goods and services and influencing capital markets. There are four main types of economic agents: households or individuals, businesses, governments, and central banks.

How do economic agents affect the economy?

The function of economic agents is to impact the economy through their actions. Central banks influence the economy by setting interest rates. Governments impact the economy through taxation and spending. Businesses produce goods and services. Households or individuals consume goods and services.