International economics

International economics

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

Industry: Economy

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International economics

Differentiated product

Economy; International economics

1. A firm's product that is not identical to products of other firms in the same industry. Contrasts with homogeneous product. 2. Sometimes applied to products produced by a country, even though ...

Direct factor content

Economy; International economics

A measure of factor content that includes only the factors used in the last stage of production, ignoring factors used in producing intermediate inputs. Contrasts with direct-plus-indirect factor ...

1. Refers to the particular countries and kinds of countries toward which a country's exports are sent, and from which its imports are brought, in contrast to the commodity composition of its exports ...

Directly unproductive profit-seeking activities

Economy; International economics

Activities that have no direct productive purpose (neither increasing consumer utility nor contributing to production of a good or service that would increase utility) and are motivated by the desire ...

Direct-plus-indirect factor content

Economy; International economics

A measure of factor content that includes factors used in producing intermediate inputs, factors used in producing intermediate inputs ''to'' the intermediate inputs, and so forth. That is, it ...

Discount

Economy; International economics

1. Any reduction in price or value, especially when below a stated or normal price. 2. To buy or sell commercial paper at a price below face value to account for interest to accrue before maturity. ...

Discount rate

Economy; International economics

1. The rate, per year, at which future values are diminished to make them comparable to values in the present. Can be either subjective (reflecting personal time preference) or objective (a market ...