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social science subjects > business and management > international business > economics of international business > terms of trade
social science subjects > economics > economic concepts > international trade > terms of trade
... > contexts > population characteristics > socioeconomic factors > poverty > economics of poverty > international trade > terms of trade
social science subjects > business and management > international business > international trade > terms of trade
social science subjects > politics and international relations > international relations > international trade > terms of trade
... > social science subjects > criminology and criminal justice > criminology > law and society > law and political science > international trade > terms of trade
... > social science subjects > politics and international relations > political science > law and courts > law and society > law and political science > international trade > terms of trade

Preferred term

terms of trade  

Definition

  • 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]

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https://concepts.sagepub.com/social-science/concept/terms_of_trade

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