Terms of trade: Difference between revisions

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"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.
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'''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]])
 
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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)

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