Economics: Difference between revisions

233 bytes added ,  5 September 2013
→‎Week 36 - Classical trade theories: adding w.Productivity and sourcing definition from Wikipedia
(→‎Week 36 - Classical trade theories: adding w.Productivity and sourcing definition from Wikipedia)
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* '''[[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 ==