Stone Social Accounting Matrix

The Stone Social Accounting Matrix (SAM) is a tool used in economics to represent the flow of income and expenditure in an economy. It organizes data about households, businesses, and the government into a matrix format, showing how resources are distributed and utilized. By detailing transactions, such as what households earn and spend, the SAM helps researchers and policymakers understand the economic structure, interactions, and impacts of different sectors. This framework aids in analyzing economic policies, assessing income distribution, and evaluating the effects of changes in the economy on various social groups.