Economic object

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In economics , economic objects are goods and demands . The economic entities are a complementary term .

General

Goods are made up of real and nominal goods . Real goods, in turn, are divided into tangible goods (such as goods , commodities ), services (such as financial services ), public goods and factor services (such as labor ). Nominal goods include, in particular, claims that include any type of claim such as creditors , securities ( stocks and bonds ), bank balances or money and money substitutes . Every demand of an economic subject corresponds to an equally high level of obligation of another economic subject and vice versa.

Werner Sombart understood the wage workers ("possessory only workers") in 1927 as economic objects, while for him the capitalists were among the economic subjects. Today, in economics, wage workers are counted among private households , which in turn belong to economic subjects.

species

If you combine the individual economic objects with each other, the following economic transaction forms result :

Performance
consideration
Well Advancement
Well Real exchange Purchase of goods / sale of goods
Advancement Purchase of goods / sale of goods Purchase / sale of receivables ( forfaiting / assumption of debt )
without consideration Real transfer Receivables transfer

As transactions herein those transactions with a reasonable economic shall return are connected so goods purchase / sale of goods, due to a purchase contract by payment of the purchase price and delivery of goods , real exchange ( barter ) and forfaiting / debt assumption . Real transfers (such as donations ) and receivables transfer (such as tax payments , social assistance , reparations ) are one-sided transactions that are not offset by any economic consideration.

Economic cycle

The economic cycle is set in motion in an economy by the fact that economic subjects face each other on markets as market participants and exchange economic objects through purchase, rental , leasing , leasing or otherwise. The economic objects are produced , processed or traded by the economic subjects . However, this economic cycle is not exhausted in these transactions with economic counter-performance, but the real and claims transfers ( transfer payments ) are also an integral part of the economic cycle. From this perspective, the economic cycle is the totality of all economic transactions in which economic objects, with or without consideration, pass from one economic subject to another.

Web links

Wiktionary: Economic object  - explanations of meanings, word origins, synonyms, translations

Individual evidence

  1. Werner Ehrlicher (Ed.), Kompendium der Volkswirtschaftslehre , Volume 1, 1975, p. 18
  2. Werner Sombart, Economic Life in the Age of High Capitalism , 1927, p. 230
  3. ^ Alfred Stobbe, Volkswirtschaftslehre I , 1980, p. 13
  4. under real transfer would explain why the export of capital from abroad , by purchases of the recipient country to an increase in goods exports can lead to the same extent. If the real transfer corresponds entirely to the capital export, the domestic capital export and the export surplus balance each other out in terms of size.
  5. Ludwig Dietz, Wirtschaft als Kinetik , 1934, p. 37
  6. Holger Preuß, Costs and Benefits of the Olympic Winter Games in Germany , 2011, p. 175