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Domestic resource cost |
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Domestic resource costA measure, in terms of real resources, of the opportunity cost of producing or saving foreign exchange. It is an ex ante measure of comparative advantage, used to evaluate projects and policies. The term was introduced to the economics literature by Bruno (1963, 1972).Similar MatchesDomestic content requirementDomestic content requirementA requirement that goods sold in a country contain a certain minimum of domestic value added. Gross domestic productGross domestic productThe value of all goods and services created within an economy. It equals gross national product minus income from abroad. Domestic distortions argument for protectionDomestic distortions argument for protectionSee second best argument. Net domestic productNet domestic productGross domestic product minus depreciation. This is the most complete measure of productive activity within the borders of a country, though its accuracy suffers from the difficulty of measuring depreciation. Gross domestic productGross domestic productThe total value of new goods and services produced in a given year within the borders of a country, regardless of by whom. It is "gross" in the sense that it does not deduct depreciation of previously produced capital, in contrast to NDP. Further SuggestionsDomestic content protectionDomestic bonds Domestic trade Domestic Domestic support Qualified Domestic Relations Order (QDRO) Domestic credit Domestic International Sales Corporation Domestic corporation Gross domestic product (GDP) Domestic International Sales Corporation (DISC) Domestic market Domestic series Domestic law |
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