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Adverse terms of trade
A terms of trade that is considered unfavourable relative to some benchmark or to past experience. Developing countries specialised in primary products are sometimes said to suffer from adverse or declining terms of trade.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
- Product:
- Acronym-Abbreviation:
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