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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
Income distribution
Economy; International economics
A description of the fractions of a population that are at various levels of income. The larger are the differences in income, the "worse" the income distribution is usually said to be, the smaller ...
Income tax
Economy; International economics
A tax levied on incomes of persons or corporations. International differences in income tax rates sometimes induce persons and corporations to relocate to lower-tax jurisdictions.
Increasing cost
Economy; International economics
1. Referring to a single firm or industry, the rise in cost of production that occurs when output is increased by expanding variable inputs while holding some fixed input constant. A corollary of the ...
Implicit price deflator
Economy; International economics
A broad measure of prices derived from separate estimates of real and nominal expenditures for GDP or a subcategory of GDP. Without qualification the term refers to the GDP deflator and is thus an ...
Implicit tariff
Economy; International economics
1. Tariff revenue on a good or group of goods, divided by the corresponding value of imports. Often lower than the official or statutory tariff, due both to PTAs and to failures in customs ...
Import
Economy; International economics
1. A good that crosses into a country, across its border, for commercial purposes. 2. A product, which might be a service, that is provided to domestic residents by a foreign producer. 3. To cause a ...
Import bias
Economy; International economics
1. Any bias in favour of importing. 2. Applied to growth, it tends to mean a bias ''against'' importing, and against trading more generally. Thus growth that is based disproportionately on ...
