3 Terms
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International economics
International trade theories, policies, finances and their effects on economic activities.
Industry: Economy
Add a new termContributors in International economics
International economics
Neoclassical growth model
Economy; International economics
A model of economic growth in which income arises from neoclassical production functions in one or more sectors, displaying diminishing returns to saving and capital accumulation. Due to Solow (1956) ...
Neoclassical production function
Economy; International economics
A production function with the properties of constant returns to scale and smoothly diminishing returns to individual factors.
Neoliberalism
Economy; International economics
A view of the world that favours social justice while also emphasising economic growth, efficiency, and the benefits of free markets.
Net
Economy; International economics
After deduction. Contrasts with gross. Exactly what is deducted to get from gross to net depends on the context.
Net income
Economy; International economics
1. Of a firm, total revenue minus total cost. 2. Of a country, national income minus capital consumption allowance.
Parity
Economy; International economics
1. Equality. Same as par. See also interest parity and purchasing power parity. 2. Official value, or par value.
Peg
Economy; International economics
1. To maintain a pegged exchange rate; thus to set a currency's value within a narrow range. 2. The par value of a pegged exchange rate. 3. The regime of a pegged exchange rate.
