Economy

Economy

Pertaining to the system or range of economic activity in a country, region, or community.

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Economy > International trade

absolute advantage

Economy; International trade

Refers to the ability of a party (an individual, or firm, or country) to produce more of a good or service than competitors, using the same amount of resources.

consumption tax

Economy; International trade

A consumption tax is a tax on spending on goods and services. The tax base of such a tax is the money spent on consumption.

export

Economy; International trade

To send goods or services across national frontiers for the purpose of selling and realizing foreign exchange and requires involvement of the customs authorities in both the ...

import

Economy; International trade

An import is any good or service brought in from one country to another country in a legitimate fashion, typically for use in trade. It is a good that is brought in from another ...

import quota

Economy; International trade

An import quota is a limit on the quantity of a good that can be produced abroad and sold domestically. It is a type of protectionist trade restriction that sets a physical limit ...

excise

Economy; International trade

An excise or excise tax (sometimes called a duty of excise special tax) is an inland tax on the sale, or production for sale, of specific goods or a tax on a good produced for ...