Tag Archives | Terms

Single Factorial Terms of Trade (With Criticisms) | Economics

The concept of income terms of trade attempted — a correction in the net barter terms of trade for changes in the volume of exports. Jacob Viner made another modification over the net barter or commodity terms of trade. He corrected the commodity terms of trade for changes in factor productivity in the production of export goods. The concept of [...]

By |2018-03-15T11:34:43+05:30March 15, 2018|Terms of Trade|Comments Off on Single Factorial Terms of Trade (With Criticisms) | Economics

Double Factorial Terms of Trade (With Criticisms) | International Economics

The concept of double factoral terms of trade, formulated by Jacob Viner takes into account the change in factor productivity both in the domestic export industries and export industries of the foreign countries. This concept can be expressed as: TD = TC . (ZX/ZM) Here TD is the double factoral terms of trade, TC is the commodity terms of trade, [...]

By |2018-03-15T11:34:43+05:30March 15, 2018|Terms of Trade|Comments Off on Double Factorial Terms of Trade (With Criticisms) | International Economics

Gross Barter Terms of Trade (With Criticisms) | International Economics

The gross barter term of trade is a ratio of total physical quantities of imports to the total physical quantities of exports of a given country. Given the above definition, the gross barter terms of trade in case of particular commodities can be measured at a point of time through the formula given below: TG = (QM/QX) × 100 Here [...]

By |2018-03-15T11:34:42+05:30March 15, 2018|Terms of Trade|Comments Off on Gross Barter Terms of Trade (With Criticisms) | International Economics
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