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Freebase Commons Common /common

  • REA (Resources, Events, Agents) is a business process modeling ontology, closer to the business reality than any other known alternative. Unlike all other approaches, the REA model reveals why business processes occur, and provides for full traceability of all business transactions. Due to its abstraction level covering the business domain, the REA ontology is very useful in model-driven design of software applications. Figure below illustrates the most fundamental REA concepts, which are economic resource, economic agent, economic event, commitment, and contract.

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