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Rareterms of trade
The correct spelling is terms of trade.
How to pronounce terms of trade
noun
Say it like: Ter-ms -of -tra-de
The correct spelling is terms of trade. Relative price of exports in terms of imports, defined as the ratio of weighted average export prices to weighted average import prices.
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Definition
noun
- 1.Relative price of exports in terms of imports, defined as the ratio of weighted average export prices to weighted average import prices.
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