2,917
edits
Economics: Difference between revisions
→Week 36 - Classical trade theories: adding w.Productivity and sourcing definition from Wikipedia
m (→Week 36 - Classical trade theories: tweaking linking) |
(→Week 36 - Classical trade theories: adding w.Productivity and sourcing definition from Wikipedia) |
||
| Line 170: | Line 170: | ||
* '''[[w:Devaluation|Devaluation]]''' in modern [[w:monetary policy|monetary policy]] is a reduction in the value of a [[w:currency|currency]] with respect to those goods, services or other monetary units with which that currency can be exchanged. ( Wikipedia ) | * '''[[w:Devaluation|Devaluation]]''' in modern [[w:monetary policy|monetary policy]] is a reduction in the value of a [[w:currency|currency]] with respect to those goods, services or other monetary units with which that currency can be exchanged. ( Wikipedia ) | ||
* '''[[w:Productivity|Productivity]]''' is the ratio of [[w:Output (economics)|output]] to [[w:Factor of production|inputs]] in production; it is a measure of the efficiency of [[w:production (economics)|production]]. ( Wikipedia ) | |||
== Week 37 - Modern trade theories, trade policy == | == Week 37 - Modern trade theories, trade policy == | ||