Minimum import price


 

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Minimum import price

See minimum price system.



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Minimum efficient scale

Minimum efficient scale

The smallest output of a firm consistent with minimum average cost. In small countries, in some industries the level of demand in autarky is not sufficient to support minimum efficient scale.


Alternative minimum tax

Alternative minimum tax

A tax which targets high wealth individuals to pay a minimum amount of tax. The tax is calculated on the sum of adjusted gross income and tax preference items less exemptions.


Minimum price fluctuation

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Smallest increment of market price movement possible in a given futures or options contract.


Minimum lending rate

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The minimum rate of interest at which the Bank of England was willing to lend to the money markets. Discontinued in 1981.


Minimum price system

Minimum price system

Specification of the lowest price permitted for an import. Prices below the minimum may trigger a tariff, hence a variable levy, or quota. See maximum price systerm. These have several names: basic import price, minimum import price, reference price, and trigger price.


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