EXPLICAREA COMERTULUI INTERNATIONAL PRIN PRETURILE RELATIVE
In our article we try to develop a new explanation of the international trade. This explanation is based on a new concept – the relative price. We define relative price as the ratio of prices of two goods in the domestic market. The relative price in one country can be compared with the relative pr...
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| Format: | Article |
| Language: | English |
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AcademicPres
2008-12-01
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| Series: | Agricultura |
| Online Access: | http://journals.usamvcluj.ro/index.php/agricultura/article/view/2874 |
| Summary: | In our article we try to develop a new explanation of the international trade. This explanation is based on a new concept – the relative price. We define relative price as the ratio of prices of two goods in the domestic market. The relative price in one country can be compared with the relative price from another country. If these relative prices are different in two countries, one can demonstrate that the trade may lead to profits. |
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| ISSN: | 1221-5317 |