PST
| Definition | : | Prebisch-Singer Thesis |
| Category | : | Business » Business Terms |
| Country/Region | : | Worldwide  |
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What does PST mean?
Prebisch-Singer Thesis (PST) is an economic theory that suggests that the terms of trade between primary commodity exports (such as raw materials) and manufactured goods tend to deteriorate over time.
The theory was proposed by economists Raúl Prebisch and Hans Singer in the mid-20th century, and it argues that the prices of primary commodities tend to fall relative to the prices of manufactured goods in the long run.
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Frequently Asked Questions (FAQ)
What is the full form of PST in Economics?
The full form of PST is Prebisch-Singer Thesis
What is the full form of PST in Business?
What are the full forms of PST in Worldwide?
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