Term:
Institutional unit – Eurostat
Definition:
The institutional unit is an elementary economic decision-making centre characterised by uniformity of behaviour and decision-making autonomy in the exercise of its principal function.
A unit is regarded as constituting an institutional unit if it has decision-making autonomy in respect of its principal function and keeps a complete set of accounts.
Domain:
Economics & National Accounts
Source:
Council Regulation (EEC), No. 696/93, Section III B of 15.03.1993 on the statistical units for the observant in the Community
