International economics

International economics

International trade theories, policies, finances and their effects on economic activities.

Industry: Economy

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International economics

Community preferences

Economy; International economics

A set of consumer preferences, analogous to those of an individual as might be represented by a utility function, but representing the preferences of a group of consumers. The existence of ...

Compensated demand curve

Economy; International economics

A demand curve constructed under the assumption that demander's income is not held constant, but rather is varied to hold level of utility at a constant level. The change in consumer surplus ...

A label identifying where a product was produced or grown, and implying characteristics or quality particular to that location. Use of such labels by producers from other countries, has increasingly ...

Giffen good

Economy; International economics

A good that is so inferior and so heavily consumed at low incomes that the demand for it rises when its price rises. The reason is that the price increase lowers income sufficiently that the positive ...

Gini Coefficient

Economy; International economics

A measure of income inequality within a population, ranging from zero for complete equality, to one if one person has all the income. It is defined as the area between the Lorenz Curve and the ...