Home > Term: commodity terms of trade
commodity terms of trade
1. Real price of commodities relative to manufactures. This would be the same as the most familiar terms of trade -- the net barter terms of trade -- for many developing countries that export primary commodities and import manufactures. 2. This terms is also used more broadly as a synonym for the net barter terms of trade for any country.
- Part of Speech: noun
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
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Creator
- Noroc
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