terms of trade


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terms of trade

pl n
(Economics) economics Brit the ratio of export prices to import prices. It measures a nation's trading position, which improves when export prices rise faster or fall slower than import prices

terms of trade

The agreed conditions under which business is done.
References in periodicals archive ?
Manufacturing companies in the Midlands are among firms which may be getting a raw deal in terms of trade because they are outside the euro zone.
3) The foreign (domestic) terms of trade is given by [p.
The terms of trade within the domestic economy could be defined as the prices of goods produced by skilled workers relative to the prices of goods produced by less-skilled workers.
Hence, a decline in the terms of trade for the host nation is sufficient to guarantee its immiserization.
At that point, the market-clearing price ratio, or terms of trade, given by the slope of the ray OP equates each nation's import demand with the other's export supply.
Finally we look at the relationship between the relative prices of primary products and the terms of trade of less developed countries.
An analysis of the impacts of some of these -- terms of trade, trade volumes, initial imbalances and the role of services and transfers -- is provided in Table 14 for the 1985-87 and 1990-92 periods.
Revenue is not unduly aggressive in investigating whether the original terms of trade allowed interest to be charged, but it would be prudent to define the position in advance.
yielding terms of trade OA (not drawn) and OE imports into Japan.
The terms of trade favored Ottoman exports and influenced the process, which was limited to the coastal areas.
VAL will also prepare and make publically available a document that sets out its Terms of Trade and will send a letter to each grower with which it has traded enclosing a copy of its Terms of Trade and a proposed HPA.
Economic theory holds that at the aggregate level the growth of real wages are determined by labour productivity growth, a relationship mediated by the labour's share of output and labour's terms of trade (the price of output relative to the price of goods that workers consume).