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International economics
International trade theories, policies, finances and their effects on economic activities.
Industry: Economy
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International economics
Yen block
Economy; International economics
A group of currencies, if it exists, whose values are tied more to the Japanese yen than to the US dollar.
Yuan block
Economy; International economics
A group of currencies, if it exists, whose values are tied more to the Chinese yuan than to the US dollar.
Zero profit
Economy; International economics
A situation in which profit in an industry is zero, usually as a result of free entry and exit. It may, if firms are not identical, refer only to the marginal firm. And it always means zero ...
Zero sum game
Economy; International economics
A game in which the payoffs to the players add up to zero, so that a gain for one is necessarily equaled by loss to others. Contrasts with positive sum game.
Import-export company
Economy; International economics
A firm whose business consists mainly of international trade: buying goods in one country and selling them in another, thus both exporting and importing. Same as export-import company.
Income
Economy; International economics
1. The amount of money (nominal or real) received by a person, household, or other economic unit per unit time in return for services provided or goods sold. 2. National income. 3. The return earned ...
