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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
Margin
Economy; International economics
1. The edge. In economics it usually refers to the last (in terms of quantity, not of time) unit consumed or produced by a consumer or firm. 2. A gap between one number and another, such as a dumping ...
Marginal returns
Economy; International economics
1. Loosely, the extra that you get in return for doing more of something. 2. Marginal product.
Markup
Economy; International economics
1. The amount (percentage) by which price exceeds marginal cost. A profit-maximizing seller facing a price elasticity of demand η will set a markup equal to (''p-c'')/''p''=1/η. One effect of ...
Marshall Plan
Economy; International economics
A U. S. programme to assist the economic recovery of certain European countries after World War II. Also called the European Recovery Program, it was initiated in 1947 and it dispersed over $12 ...
Marshallian adjustment
Economy; International economics
A market adjustment mechanism in which quantity rises when demand price exceeds supply price and falls when supply price exceeds demand price.
Latin American Free Trade Association
Economy; International economics
A group of Latin American countries formed in 1960 with the aim of establishing a free trade area. This aim was never achieved, and LAFTA was replaced in 1980 with the Latin American Integration ...
Laurel-Langley Agreement
Economy; International economics
A trade agreement between the Philippines and the United States replacing the Bell Trade Act, signed in 1955 and expired in 1974. It made reciprocal a controversial "parity" clause of the Bell Act, ...