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A restriction on trade, usually imports, limiting the quantity of the good or service that is traded; a quota is the most common example, but VERs usually take the form of QRs. QRs on traded services are more likely to restrict the number or activities of foreign service providers than the services themselves, since the latter are hard to monitor and measure.
Industry:Economy
A curve showing the combinations of goods that, when available to a country, yield the same level of social welfare.
Industry:Economy
A market for exchange (of currencies, in the case of the exchange market) in the present (as opposed to a forward or futures market in which the exchange takes place in the future).
Industry:Economy
1. The act of offering a product for sale. 2. The quantity offered for sale. 3. The quantities offered for sale at various prices; the supply curve.
Industry:Economy
1. Most commonly in economics, the relative price, on world markets, of a country's exports compared to its imports. Also called the net barter terms of trade. See improve the terms of trade. * Introduced by Marshall (1923). 2. Any of several other related concepts: gross barter terms of trade, income terms of trade, single factoral terms of trade, double factoral terms of trade, and commodity terms of trade. 3. Outside of the economics of international trade, this expression often refers more broadly to the policies, facilities, and other arrangements that characterize the trade between one country or group of countries and another.
Industry:Economy
1. To exchange one item for another, one person or firm providing an item (good, service, asset, etc. ) to another person or firm, with the latter providing a different item to the first in return, as payment. 2. To export and/or import. 3. The quantity or value of exports and/or imports.
Industry:Economy
A negotiated agreement among two or more countries to limit or alter their policies with respect to trade. A common type in recent years has been agreements to form preferential trading arrangements.
Industry:Economy
An artificial disincentive to export and/or import, such as a tariff, quota, or other NTB.
Industry:Economy
1. An amount that is loaned to an exporter to be repaid when the exports are paid for by the foreign importer. 2. Credit extended by an exporter to an importer, permitting them to pay at some time after they take delivery.
Industry:Economy
