What does terms of trade mean?
Definitions for terms of trade
terms of trade
This dictionary definitions page includes all the possible meanings, example usage and translations of the word terms of trade.
Wikipedia
Terms of trade
The terms of trade (TOT) is the relative price of exports in terms of imports and is defined as the ratio of export prices to import prices. It can be interpreted as the amount of import goods an economy can purchase per unit of export goods. An improvement of a nation's terms of trade benefits that country in the sense that it can buy more imports for any given level of exports. The terms of trade may be influenced by the exchange rate because a rise in the value of a country's currency lowers the domestic prices of its imports but may not directly affect the prices of the commodities it exports.
Wikidata
Terms of trade
Terms of trade refers to the relative price of exports in terms of imports and is defined as the ratio of export prices to import prices. It can be interpreted as the amount of import goods an economy can purchase per unit of export goods. An improvement of a nation's terms of trade benefits that country in the sense that it can buy more imports for any given level of exports. The terms of trade may be influenced by the exchange rate because a rise in the value of a country's currency lowers the domestic prices of its imports but may not directly affect the prices of the commodities it exports.
Numerology
Chaldean Numerology
The numerical value of terms of trade in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of terms of trade in Pythagorean Numerology is: 9
Examples of terms of trade in a Sentence
NAFTA has been a good deal, i hope we do not do something foolish in terms of trade policy.
President (Donald) Trump has not accomplished very much in terms of trade issues and is likely to remain vocal with the U.S. midterm elections coming up.
The terms of trade are improving.
They’re liking what I’m saying in terms of trade, i think we’re going to get a lot of [Sanders] supporters.
Bill, they are making a fortune, Mexico is making a fortune off the United States, it's becoming the new China in terms of trade -- they're killing us at the border.
Translations for terms of trade
From our Multilingual Translation Dictionary
- warunki handlowePolish
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"terms of trade." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/terms+of+trade>.
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