terms of trade

English - Turkish

Definition of terms of trade in English Turkish dictionary

(Ticaret) dış ticaret hadleri

ticaret hadleri

ticarat hadleri

(Hukuk) ticaret koşulları

Related Terms

TOT

(Askeri) hedefte bulunma zamanı (time on target)

English - English

Definition of terms of trade in English English dictionary

(Ekonomi) TOT

(plural noun) The ratio of an index of a country's export prices to an index of its import prices

Relationship between the prices at which a country sells its exports and the prices paid for its imports. If a country's export prices rise relative to import prices, its terms of trade are said to have moved in a favourable direction, since, in effect, it now receives more imports for each unit of goods exported. The terms of trade, which depend on the world supply of and demand for the goods involved, indicate how the gains from international trade will be distributed among trading countries. An abrupt change in a country's terms of trade (e.g., a drastic fall in the price of its main export) can cause serious problems in its balance of payments. See also comparative advantage

{i} prices of products exported from a country compared to the price of goods imported

Turkish pronunciation

tırmz ıv treyd

Pronunciation

/ˈtərmz əv ˈtrād/ /ˈtɜrmz əv ˈtreɪd/

Etymology

[ 't&rm ] (noun.) 13th century. Middle English terme boundary, end, from Old French, from Latin terminus; akin to Greek termOn boundary, end, Sanskrit tarman top of a post.