TOT in Economics Meaning
The TOT meaning in Economics terms is "Terms of Trade". There are 2 related meanings of the TOT Economics abbreviation.
TOT on Economics Full Forms
- Terms of Trade The ratio of the average price of a countrys exports, to the average price of its imports, is its terms of trade. In theory, an improvement in a countrys terms of trade raises its real income although in practice it depends on how those terms of trade gains are distributed.
- Term of Trade
Frequently Asked Questions (FAQ)
What does TOT stand for Economics?
TOT stands for Term of Trade in Economics terms.
What is the shortened form of Term of Trade in Economics?
The short form of "Term of Trade" is TOT for Economics.
Citation
TOT in Economics. Acronym24.com. (2022, April 5). Retrieved April 28, 2024 from https://acronym24.com/tot-meaning-in-economics/
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