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գործակալ
1. An entity within the economy that makes economic decisions and engages on economic activity. Used to refer to individual consumers, households, and firms. 2. One who acts on behalf of someone else. 3. In Principal-Agent Theory, the person whose job it is to act to the benefit of someone else (the principal), but who may require some incentive to do so.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
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