David RicardoDavid Ricardo ( April 19, 1772- September 11, 1823), a British economist, is often credited with systematizing economics, and was one of the most influential of the classical economists. He was also a successful businessman, financier and speculator, and
European UnionFor other uses, see EU (disambiguation). The European Union or EU is a supranational organisation of 25 European states. It was established with that name by the Treaty on European Union (commonly known as the Maastricht Treaty) in 1992 but many aspects o
Exchange rateIn finance, the exchange rate between two currencies specifies how much one currency is worth in terms of the other. For example an exchange rate of 120 Japanese Yen to the Dollar means that ¥120 is worth the same as $1. An exchange rate is also known as
Factor price equalizationFactor price equalization is an economic theory, which states that the prices for two identical factors of production in the same market will eventually equal each other because of competition. An often-cited example of factor price equalization is wages.
Fair tradeFair trade equitable trade is a term used broadly by social justice, peace movement, ecology movement, and Green Movement groups, to contrast with 'unfair' trade practices, and sometimes with free trade as promoted by the World Trade Organization and NAFT
Foreign Sales CorporationForeign Sales Corporations (FSCs) was a means formerly provided by United States taxation law for US companies to receive a reduction in US federal income taxes for profits derived from exports, through the use of an offshore subsidiary (a "Foreign Sales
