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  2. Balance of trade - Wikipedia

    en.wikipedia.org/wiki/Balance_of_trade

    Includes only visible imports and exports, i.e. imports and exports of merchandise. The difference between exports and imports is called the balance of trade. If imports are greater than exports, it is sometimes called an unfavourable balance of trade. If exports exceed imports, it is sometimes called a favourable balance of trade.

  3. Marshall–Lerner condition - Wikipedia

    en.wikipedia.org/wiki/Marshall–Lerner_condition

    The country's imports become more expensive and exports become cheaper due to the change in relative prices, and the Marshall-Lerner condition implies that the indirect effect on the quantity of trade will exceed the direct effect of the country having to pay a higher price for its imports and receive a lower price for its exports.

  4. Terms of trade - Wikipedia

    en.wikipedia.org/wiki/Terms_of_trade

    Terms of trade (TOT) is a measure of how much imports an economy can get for a unit of exported goods. For example, if an economy is only exporting apples and only importing oranges, then the terms of trade are simply the price of apples divided by the price of oranges — in other words, how many oranges can be obtained for a unit of apples.

  5. Import - Wikipedia

    en.wikipedia.org/wiki/Import

    In a direct-import program, the retailer bypasses the local supplier (colloquial: "middle-man") and buys the final product directly from the manufacturer, possibly saving in added cost data on the value of imports and their quantities often broken down by detailed lists of products are available in statistical collections on international trade ...

  6. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    A sustained, long-term decrease in economic activity in one or more economies. It is a more severe economic downturn than a recession, which is a slowdown in economic activity over the course of a normal business cycle. deregulation The process of removing or reducing economic regulations, or the total repeal of governmental regulation of the ...

  7. Net national income - Wikipedia

    en.wikipedia.org/wiki/Net_national_income

    where C denotes consumption, I denotes investment, G denotes government spending, and NX represents net exports (exports minus imports: X – M). This formula uses the expenditure method of national income accounting. When net national income is adjusted for natural resource depletion, it is called Adjusted Net National Income, expressed as

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  9. Trade-weighted effective exchange rate index - Wikipedia

    en.wikipedia.org/wiki/Trade-weighted_effective...

    The trade-weighted effective exchange rate index is an economic indicator for comparing the exchange rate of a country against those of their major trading partners. By design, movements in the currencies of those trading partners with a greater share in an economy's exports and imports will have a greater effect on the effective exchange rate. [1]

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