The National Economic Field and Algebraic Reconstruction of SNA
In this chapter we will give a concrete state description of an individual economic agent based on the concept of economic exchange, construct the state of a national economy from a bottom up point of view and show how the total state of a national economy consists of the state of individual economic agents. Macroeconomic variables such as Y, I, C and S make up the micro variables of economic transactions. The micro variables of economic transactions are described by a bookkeeping system for each agent.
KeywordsWheat Flour National Economic Steel Industry Machinery Industry Stock Investment
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