Economic Resource

Definition

Economic Resource. Anything that can bought sold or exchanged.

Issues and Challenges

Formerly labeled as Negotiable Thing. Changed to REA terminology with no effect on meaning. Note that this is a relative thing - the thing which is itself the economic resource, is some good or some service (i.e. some physical thing or some event/activity) which can be framed as an economic resource in the context of exchanging it for some other economic resource. Scope Note: Economic Resource may also define things which are not exchanged but are defined as resources in some other context, for example Capital is a kind of economic resource.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.