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Concept information

Preferred term

terms of trade  

Definition(s)

  • A country's terms of trade refer to the relative values of its exports and imports. When the terms of trade are good, a country sells, on average, relatively high-valued commodities (e.g., manufactured goods) and imports relatively low-valued ones (e.g., agricultural products). [Source: Encyclopedia of Human Geography; Terms of Trade]

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-M5JG9994-W

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