1. Most commonly in economics, the relative price, on world markets, of a country's exports compared to its imports. Also called the net barter terms of trade. See improve the terms of trade.* Introduced by Marshall (1923). 2. Any of several other related concepts: gross barter terms of trade, income terms of trade, single factoral terms of trade, double factoral terms of trade, and commodity terms of trade. 3. Outside of the economics of international trade, this expression often refers more broadly to the policies, facilities, and other arrangements that characterize the trade between one country or group of countries and another.

Related information about terms of trade:

1. Terms of trade - Wikipedia, the free encyclopedia
   In international economics and international trade, terms of trade or TOT is (Price of exportable goods)/(Price of importable goods). In layman's terms it means ...
    
2. Terms of Trade (TOT) Definition | Investopedia
   The value of a country's exports relative to that of its imports. It is calculated by dividing the value of exports by the value of imports, then multiplying the result by ...
    
3. Tutor2u - Trade - Terms of Trade
   The terms of trade measures the rate of exchange of one good or service for ... the terms of trade must lie within the opportunity cost ratios for both country.
    
4. terms of trade - YouTube
   May 6, 2011 ... The meaning of terms of trade, how they must sit between the opportunity cost ratios for trade to take place.
    
5. terms of trade -- Britannica Online Encyclopedia
   Relationship between the prices at which a country sells its exports and the prices paid for its imports. If the prices of a country's exports rise relative to the prices ...
    
6. Terms of trade
   Terms of trade. A country's terms of trade measures a country's export prices in relation to its import prices, and is expressed as: For example, if, over a given ...
    
7. Terms of Trade Effects: Theory and Measurement - Bureau of ...
   On the other hand, with petroleum prices excluded, US terms of trade begin to ... index number theory to develop measurement concepts for terms of trade ...
    
8. Terms of Trade - Dictionary Definition of Terms of Trade
   Definition: Terms of trade is an index of the price of a country's exports in terms of its imports. The terms of trade are said to improve if that index rises. (Obstfeld ...