Terms of trade: Difference between revisions
Jump to navigation
Jump to search
imported>Nick Gardner mNo edit summary |
mNo edit summary |
||
| Line 3: | Line 3: | ||
(See also [[International Economics]], [[Balance of payments]]) | (See also [[International Economics]], [[Balance of payments]]) | ||
[[Category:Suggestion Bot Tag]] | |||
Latest revision as of 16:01, 25 October 2024
Terms of trade is a name for the ratio of the index of a country's export prices to the index of its import prices. A country's terms of trade are said to improve if its export prices rise faster (or fall more slowly) than its import prices.
(See also International Economics, Balance of payments)