terms are 3/15.1/25, n/60 what does this mean?
The mean, or the average.
Terms of trade = Price of Exports / Price of Imports The prices of exports and imports are usually calculated with respect to a specified base year. From that it is possible to calculate changes in the mix and the value of the trade flows to arrive at prices for the period in question.
In math terms, a legal trade refers to an exchange of goods or services that is permissible according to the given rules or regulations. For example, if a mathematical model or algorithm dictates certain conditions or constraints for a trade to be valid, any trade that satisfies those conditions would be considered legally permissible.
That's the definition of the "mean" or "average" of that group of terms.
Enlisted Expeditionary Warfare Specialist
exw + FOB
terms of trade
Trade Invoice
EXW Xtreme Tuesday - 2010 was released on: USA: 28 September 2010 (internet)
Exw, fob, ddu, ddp
terms are 3/15.1/25, n/60 what does this mean?
Incoterms is a set of trade terms wich define the costs and risks for sellers and buyers in the international trade. Incoterms is a trademark of the International Chamber of Commerce.
free trade
You only pay for good in the seller premises and you pay the rest from there premises to your premises
terms of trade expresses the relationship between the prices at which a country sells its exports and the prices paid for imports.
If a given country imports a greater amount of products of whatever sort (in terms of the money that it pays for them) than it exports (in terms of the money that it receives for them), then its money supply is diminishing, and it has a trade deficit. If, on the contrary, it exports more than it imports, then its money supply will increase, and it has a trade surplus.