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.
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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.
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terms are 3/15.1/25, n/60 what does this mean?
FF payment terms typically refer to "Freight Forwarder" payment terms, which outline the conditions under which payment for shipping services is made. These terms can specify when payment is due, the accepted methods of payment, and any penalties for late payments. Understanding these terms is crucial for businesses involved in international trade to ensure smooth logistics and avoid disruptions.
It depends on biggest in what context: in terms of area, population, income, wealth, debt, trade, ... The list can go on almost forever!