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1. In anti-dumping cases, the price to which the export price is compared, which is either the price charged in the exporter's own domestic market or some measure of their cost, both adjusted to include any transportation cost and tariff needed to enter the importing country's market. See dumping. 2. In the context of the Fair Trade Movement, a fair price is a price that, when paid to the individual producers of a product such as coffee or handicrafts, gives them access to a viable standard of living, including nutrition, health care, education, and cultural autonomy.
Industry:Economy
A system overseen by several international NGOs, in which products of developing countries are purchased at a fair price from individual producers and sold with a fair trade label to consumers in developed countries. These intermediaries also seek to promote other objectives, including environmental sustainability and capacity building, while keeping prices to consumers low by bypassing more conventional intermediaries.
Industry:Economy
A procedure adopted by the U. S. Congress, at the request of the President, committing it to consider trade agreements without amendment. In return, the President must adhere to a specified timetable and other procedures. Introduced in the Trade Act of 1974. See trade promotion authority.
Industry:Economy
A money whose usefulness results, not from any intrinsic value or guarantee that it can be converted into gold or another currency, but only from a government's order (fiat) that it must be accepted as a means of payment.
Industry:Economy
A U. S. -based coalition of organizations committed to the transformation of the IMF and the World Bank. Its more formal name is U. S. Network for Global Economic Justice. Its demands include debt cancellation, end of structural adjustment, and payment of various reparations.
Industry:Economy
A U. S. -based coalition of organizations committed to the transformation of the IMF and the World Bank. Its more formal name is U. S. Network for Global Economic Justice. Its demands include debt cancellation, end of structural adjustment, and payment of various reparations.
Industry:Economy
A good that requires no further processing or transformation to be ready for use by consumers, investors, or government. Contrasts with intermediate good.
Industry:Economy
An asset whose value arises not from its physical embodiment (as would a building or a piece of land or capital equipment) but from a contractual relationship: stocks, bonds, bank deposits, currency, etc.
Industry:Economy
