20 Terms
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International economics
International trade theories, policies, finances and their effects on economic activities.
Industry: Economy
Add a new termContributors in International economics
International economics
Neoclassical production function
Economy; International economics
A production function with the properties of constant returns to scale and smoothly diminishing returns to individual factors.
Neoliberalism
Economy; International economics
A view of the world that favors social justice while also emphasizing economic growth, efficiency, and the benefits of free markets.
net
Economy; International economics
After deduction. Contrasts with gross. Exactly what is deducted to get from gross to net depends on the context.
net income
Economy; International economics
1. Of a firm, total revenue minus total cost. 2. Of a country, national income minus capital consumption allowance.
network
Economy; International economics
A set of connections among a multiplicity of separate entities sharing a common characteristic. Networks of firms or individuals in different countries are thought to facilitate trade.
neutral
Economy; International economics
1. Said of a technological change or technological difference if it is not biased in favor of using more or less of one factor than another. This can be defined in several different ways that are not ...
new bancor
Economy; International economics
A proposed non-national world currency to be used for payment and reserve purposes, to be issued by the IMF and intended to maintain a fixed purchasing power in the dollar and euro countries.
