Legal Dictionary

Search results for: “comparative advantage”

  • Scientific Tariff

    Scientific tariff in Global Commerce Policy In this regard, a definition of this issue is as follows: the ideal set of tariff rates sought over the years by many governments. The entries on trade policy are here. Its aim would be to ensure that one’s products can compete internationally on an […]

  • Product Cycle Theory

    Product cycle theory views the products of the successful firm as evolving through four stages: (1) infancy, (2) growth, (3) maturity, and (4) decline….

  • Product Cycle Theory

    Product cycle theory views the products of the successful firm as evolving through four stages: (1) infancy, (2) growth, (3) maturity, and (4) decline….

  • Stolper-Samuelson Theorem

    Stolper-Samuelson theorem in Global Commerce Policy In this regard, stolper-samuelson theorem is: a proposition put forward in 1941 by the economists Wolfgang Stolper and Paul Samuelson. The entries on trade policy are here. It shows that under certain assumptions (importantly that land and […]

  • Voluntary Restraint Arrangement

    Voluntary restraint arrangement in Global Commerce Policy In this regard, a definition of this issue is as follows: VRA. The entries on trade policy are here. A bilateral arrangement whereby an exporting country (government or industry) agrees to reduce or restrict exports so that the […]

  • Contract

    Legal Definition and Related Resources of Contract Meaning of Contract A deliberate engagement between competent parties upon a legal consideration to do or abstain from doing some act. It is essential to the creation of a contract that the […]

  • Welfare

    nounadvantage affluence benefit commodis consulere fortune good haleness happiness health hominis interest luck prosperity prosperousness soundness succes…

  • Child

    The immediate progeny of human parents; offspring born to such parents. 262 111. 183; 200 111. 401. The son or daughter, in relation to the father or mother; the correlative of parent. A young person- of either sex. The age limit of childhood is undefined. 5 Har. & J. (Md.) […]

  • Competition

    Financial Definition of Competence Meaning of Competence Sufficient ability or fitness for ones needs. Possessing the necessary abilities to be qualified to achieve a certain goal or complete a project. […]

  • Convergence And Divergence

    Convergence and Divergence See Also Governance Asian Financial Crises Capitalism Global Civil Society Political Economy Further Reading Garrett, G. (1998). Partisan politics in the global economy. Cambridge, UK: Cambridge University Press. Hall, P. A., & Soskice, D. (Eds.). (2001). […]

  • Fair

    Legal Definition and Related Resources of Fair Meaning of Fair impartial ; free from suspicion or bias; reasonable or equitable. Fair Alternative Definition A public mart or place ot buying and […]

  • Advertising

    What does Advertising mean in American Law? The definition of Advertising in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is: The process of, and business devoted to, trying to convince potential customers that one’s goods are […]