Search results for keyword: substitution
import quota system
Introduction
One of the most commonly used forms of government intervention in international trade is the import quota. An import quota is a protectionist policy that limits the amount of foreign goods that may be imported into a country. Such quotas have been used extensively to protect domest......
18/07/2023 
1045 
Lila
fixed ratio method
The fixed proportions law is also known as the law of proportionality. This law states that the proportion of inputs of factors used in a production process remain constant; when the quantity of one input is increased, the quantities of the other inputs are increased by the same proportion. In oth......
currency substitution theory
Introduction
Currency substitution (also known as dollarization) occurs when a country adopts an internationally accepted currency, usually the US dollar, to replace its national currency as its primary medium of exchange and unit of account. Although this practice has been around for centuries, ......
marginal rate of substitution
Marginal Replacement Rate
The marginal replacement rate is an economic term used to define the rate at which an additional unit of money, labor or a good is exchanged for an existing good or service in an economy. In other words, the marginal replacement rate measures how much more a person must ......
The marginal conversion rate of the product
Marginal Rate of Transformation
The marginal rate of transformation (MRT) is a concept in economics that refers to the substitution of one good for another. This concept is also known as the marginal rate of substitution and was first introduced in the late nineteenth century by French economist ......
Hamada model
The Hamiltonian Model
The Hamiltonian Model is an analytic model for the study of physical dynamics. It involves the application of Newtons Laws of Motion and works by representing the system under study as a set of equations that describe its behavior. These equations are the Hamiltonian equatio......
fund switching
Mutual Fund Transformation
Mutual fund transformation is a process that takes place when an investment company decides to change the contents of their mutual fund. This could involve exchanging one type of asset class for another, or it could be the addition of a new security, the substitution of......
agricultural insurance
Agricultural Insurance
Agricultural insurance is a type of insurance that focuses on protecting agricultural businesses and operations from losses due to unfavorable weather conditions, diseases, pests, or other disasters. Agricultural insurers provide coverage for crops, livestock, equipment, an......
allowable credit
Allowance for Doubtful Debts
Allowance for doubtful debts is a concept used by accountants in the process of recording and accounting for bad debts. It is a tool used to prepare accounting records by estimating and recording potential losses from accounts receivable that may become uncollectible.......
import substitution strategy
Import substitution Strategy
Import substitution strategies are designed to help the local economy by substituting imported goods with domestic goods. This can help promote industrialization and reduce the dependence on foreign imports and foreign capital. The primary objective is to reduce depen......
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