|
|
Trade triangle |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Trade triangleIn the trade-and-transformation-curve diagram, the right triangle formed by the world price line and the production and consumption points, the sides of which represent the quantities exported and imported.Similar MatchesWelfare triangleWelfare triangleIn a partial equilibrium market diagram, a triangle representing the net welfare benefit or loss from a policy or other change. In trade theory it often means the triangle or triangles representing the deadweight loss due to a tariff. Harberger triangleHarberger triangleThe triangular area, or areas, in a supply and demand diagram that measures the net welfare loss, or dead-weight loss due to a market distortion or policy, such as a tariff. |
|
|
|