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comparative prices

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  • Comparative Advantage —    The idea of “comparative advantage” is a principal component of the doctrine of free trade; it was articulated most coherently in The Principles of Political Economy, published in 1819 by the economist David Ricardo. Developing ideas on… …   Encyclopedia of the Age of Imperialism, 1800–1914

  • Real prices and ideal prices — refers to a distinction between actual prices paid for products, services, assets and labour, and computed prices which are not actually charged or paid in market trade.Ideal prices, expressed in money units, can be estimated, theorized or… …   Wikipedia

  • Seow Poh Leng — (1883 1942), the second son of Seow Chye Watt, was a prominent and successful Singaporean banker, founding member of the Ho Hong Bank, member of the committee of the Straits Settlement (Settlement of Singapore) [British Malaya By Association of… …   Wikipedia

  • Travel metasearch engine — A travel meta search engine is a search engine that sends user requests to multiple search engines and/or travel suppliers and aggregates the results into a single list or displays them according to their source or ticket price. The term… …   Wikipedia

  • Object hyperlinking — is a neologism that usually refers to extending the Internet to objects and locations in the real world. The current Internet does not extend beyond the electronic world. Object hyperlinking aims to extend the Internet to the real world by… …   Wikipedia

  • ВАВИЛОНИЯ — древнее рабовладельч. гос во в юж. части Месопотамии (терр. совр. Ирака), возникшее в нач. 2 го тыс. до н. э и окончательно утратившее независимость в 538 до н. э. Получило название от гл. города Вавилона. До возвышения этого центра (а часто по… …   Советская историческая энциклопедия

  • ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… …   Encyclopedia of Judaism

  • international trade — Introduction       economic transactions that are made between countries. Among the items commonly traded are consumer goods, such as television sets and clothing; capital goods, such as machinery; and raw materials and food. Other transactions… …   Universalium

  • Law of value — The law of value is a concept in Karl Marx s critique of political economy. Most generally, it refers to a regulative principle of the economic exchange of the products of human work: the relative exchange values of those products in trade,… …   Wikipedia

  • Heckscher-Ohlin model — The Heckscher Ohlin model (H O model) is a general equilibrium mathematical model of international trade, developed by Eli Heckscher and Bertil Ohlin at the Stockholm School of Economics. It builds on David Ricardo s theory of comparative… …   Wikipedia

  • Economics — This article is about the social science. For other uses, see Economics (disambiguation). For a topical guide to this subject, see Outline of economics. Economics …   Wikipedia

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