Share This Article:

Economic Definition of instrument. Defined.

Offline Version: PDF

Term instrument Definition: Another term for a financial or legal claim on the physical goods, services, and resources of real side of the economy. Instruments are the means by which income is diverted between household, business, and government sectors. Common instruments are corporate stocks, government bonds, and paper currency.


« institution | insurance »


Alphabetical Reference to Over 2,000 Economic Terms