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Definition
| Average revenue is referred to as the revenue that is earned per unit of output. |
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Definition
| Appreciation, in general terms, is an increase in the value of an asset over time. |
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Term
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Definition
| the method by which countries measure all of the international monetary transactions within a certain period |
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Term
| Balance of payments deficit |
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Definition
| the nation imports more commodities, capital and services than it exports |
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Term
| Balance of payments surplus |
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Definition
| occurs when a country's total exports are higher than its imports. |
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Term
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Definition
| the difference between the value of a country's imports and exports for a given period |
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