TOT
| Definition | : | Terms of Trade |
| Category | : | Business » Business Terms |
| Country/Region | : | Worldwide  |
| Popularity | : |
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| Type | : |
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What does TOT mean?
Terms of Trade (TOT) is an economic indicator that represents the ratio of a country's export prices to its import prices.
TOT is a measure used in international trade to assess the exchange of goods and services between two countries.
A higher TOT indicates that a country's export prices are relatively higher compared to its import prices. This situation is considered advantageous for the country because it implies that, for a given volume of exports, the country can purchase a larger quantity of imports.
In other words, a higher TOT suggests that the country is getting more value or purchasing power for the goods and services it exports.
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Frequently Asked Questions (FAQ)
What is the full form of TOT in International Trade?
The full form of TOT is Terms of Trade
What are the full forms of TOT in Business?
Total | Transfer of Technology | Terms of Trade | TurnOver Time | Telephone Organization of Thailand
What are the full forms of TOT in Worldwide?
Total | Transfer of Technology | Transient Occupancy Tax | Terms of Trade | Tip-Of-the-Tongue | TransObturator Tape | Time of Travel | TurnOver Time | Time On Target | Tears of Themis | TurnOver Time