terms of trade
terms of trade · terms of trades
Relative price of exports in terms of imports, defined as the ratio of weighted…Relative price of exports in terms of imports, defined as the ratio of weighted average export prices to weighted average import prices.
Meaning
1 senses(plural, plural only)Relative price of exports in terms of imports, defined as the ratio of weighted average export prices to weighted average import prices.
Forms
plural: terms of trades| Singular | terms of trade |
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| Plural | terms of trades |
regular