- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
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A good produced on the domestic market that competes with imports, either as a perfect substitute or as a differentiated product.
Industry:Economy
A strategy for economic development based on replacing imports with domestic production. (ISI)
Industry:Economy
A strategy for economic development that replaces imports with domestic production. It may be motivated by the infant industry argument, or simply by the desire to mimic the industrial structure of advanced countries. Contrasts with export promotion.
Industry:Economy
A tax levied uniformly on most or all imports, in addition to already-existing tariffs.
Industry:Economy
A firm whose business consists mainly of international trade: buying goods in one country and selling them in another, thus both exporting and importing. Same as export-import company.
Industry:Economy
1. The amount of money (nominal or real) received by a person, household, or other economic unit per unit time in return for services provided or goods sold. 2. National income. 3. The return earned on an asset per unit time.
Industry:Economy
A description of the fractions of a population that are at various levels of income. The larger are the differences in income, the "worse" the income distribution is usually said to be, the smaller the "better. " International trade and factor movements can alter countries' income distributions by changing prices of low- and high-paid factors.
Industry:Economy
A tax levied on incomes of persons or corporations. International differences in income tax rates sometimes induce persons and corporations to relocate to lower-tax jurisdictions.
Industry:Economy
1. Referring to a single firm or industry, the rise in cost of production that occurs when output is increased by expanding variable inputs while holding some fixed input constant. A corollary of the Law of Diminishing Returns. 2. In general equilibrium, increasing opportunity cost.
Industry:Economy
