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Marshall-Lerner condition |
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Marshall-Lerner conditionThe condition that sum of the elasticities of demand for exports and imports exceed one (in absolute value); that is, hX + hM > 1, where hX, hM are the demand elasticities for a country's exports and imports respectively, both defined to be positive for downward sloping demands. Under certain assumptions, this is the condition for a depreciation to improve the trade balance, for the exchange market to be stable, and for international barter exchange to be stable.Similar MatchesTechnical condition of a marketTechnical condition of a marketDemand and supply factors affecting price, in particular, the net position, either net position or net position, of the net position community. Statement of conditionStatement of conditionA document describing the status of assets, liabilities, and equity of a person or business at a particular time. Conditional Sales ContractConditional Sales ContractA sale in which the title to property or goods remains with the seller until the purchaser has fulfilled the terms of the contract, usually payment in full. CC and Rs (Covenants, Conditions and Restrictions)CC and Rs (Covenants, Conditions and Restrictions)Limitations placed on the use and enjoyment of real property. These are found most often in condominiums and planned unit developments. ConditionalityConditionalityThe requirements imposed by the IMF and World Bank on borrowing countries to qualify for a loan, typically including a long list of budgetary and policy changes comprising a structural adjustment program. Further SuggestionsFirst order conditionbargain conditions apply Condition of the sale Report of Condition and Income Conditional insurance Conditional call options Conditional sales contracts |
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