Define terms of trade. terms of trade synonyms, terms of trade pronunciation, terms of trade translation, English dictionary definition of terms of trade. pl n economics Brit the ratio of export prices to import prices. It measures a nation's trading pos
Terms of trade definition can be simply described as the relationship between how much money a country pays for its imports and how much money it brings in from its exports. On the other hand, trade definition in economics refers to the deliberate or voluntary interchange of goods between two...
The terms of trade refers to the amount of imports a given unit of exports will command in the international market; From: Handbook of Natural Resource and Energy Economics, 1993 About this pageSet alert Discover other topics On this page Definition Chapters and Articles Related Terms Recommended...
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