Offer Curve (HINDI)
Автор: E.Z. Classes
Загружено: 2019-03-27
Просмотров: 35636
In international trade 'offer curve' shows the amount a country is prepared to export a good (say X) for different quantities of other good
(say Y). Its form depends on the factors such as Domestic production conditions (determined by production possibility frontier), Community indifference curve of the country, and on top of it the relative price of both the goods (X and Y) in international market. Offer curve is also the tool to gauge the gains from trade.
Key Words: Offer curve, Price ratio, Trade point, Trade triangle, Consumption point.
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