| Concepts
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LOCAL UNIT: An enterprise or part thereof (e.g. a workshop, factory, warehouse, office, mine or depot) situated in a geographically identified place. At or from this place economic activity is carried out for which ' save for certain exceptions ' one or more persons work (even if only part-time) for one and the same enterprise.
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EMPLOYEE: Those jobs where the incumbents hold explicit (written or oral) or implicit employment contracts which give them a basic remuneration which is not directly dependent upon the revenue of the unit for which they work.
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INSTITUTIONAL UNIT: The institutional unit is an elementary economic decision-making centre characterized by uniformity of behaviour and decision-making autonomy in the exercise of its principal function. A resident unit is regarded as constituting an institutional unit if it has decision-making autonomy in respect of its principal function and either keeps a complete set of accounts or it would be possible and meaningful, from both an economic and legal viewpoint, to compile a complete set of accounts if they were required.
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DEPENDENT EMPLOYMENT: Employment for which the holder has an explicit or implicit contract, whether or not subject to written form, which entitles him/her to basic remuneration that is not directly dependent on the income of the unit for which he works.
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ECONOMIC ACTIVITY: Combination of resources such as labour, raw materials, equipment, etc., are joined, leading to the creation of specific goods or services. Regardless of the factors of production integrating the good or service produced, all activities generically imply an input of products (goods or services), a production process and an output of products (goods or services).
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INSTITUTIONAL SECTOR: Institutional units with a similar type of economic behaviour are grouped into institutional sectors. Institutional units are classified in sectors on the basis of the type of producer they are and depending on their primary activity and function, which are considered indicative of the units' economic behaviour. A sector is divided into sub-sectors according to its own criteria, which makes for a more accurate description of the units' economic behaviour. Each institutional unit belongs to a single sector or sub-sector.
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REFERENCE PERIOD: The length of time for which data are collected, e.g. a specific day, month or year.
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