Terms Of Trade In Economics Tot Definition Formula

Terms of Trade in Economics (TOT) - Definition & Formula.

Terms of Trade (TOT) Definition. Terms of Trade (TOT) is defined as the ratio of a country's import and export prices. The concept of terms of trade is important in economics as it throws light on the extent to which a nation can fund its imports based on the returns of its exports..

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Balance of Trade (BOT) Definition - Investopedia.

May 11, 2021 . Balance Of Trade - BOT: The balance of trade (BOT) is the difference between a country's imports and its exports for a given time period. The balance of trade is the largest component of the ....

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The other causes are government trade, recession, speculation, terms of trade Terms Of Trade Terms of Trade (TOT) is defined as the ratio of a country's import and export prices. The concept of terms of trade is important in economics as it explains the extent to which a nation can fund its imports based on the returns of its exports. read more ....

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