TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

PRICE TAKING COUNTRY [1 record]

Record 1 2010-03-03

English

Subject field(s)
  • Market Prices
  • National and International Economics
  • Foreign Trade
DEF

Country that exports or imports in insufficient quantities to influence market price and is obliged to sell its goods at the price set by major exporters.

CONT

Canada is a net exporter of crude oil and gasoline. According to the U.S. Energy Information Administration, Canada accounts for 3% of the world supply of oil. Canada is a price taker for crude oil and gasoline. This means that Canadian producers take the price on the open market and do not directly influence the world price of gasoline independently.

Key term(s)
  • price taker country
  • price taking country

French

Domaine(s)
  • Prix (Commercialisation)
  • Économie nationale et internationale
  • Commerce extérieur
CONT

Le Canada est un exportateur net de pétrole brut et d'essence. D'après l'U.S. Energy Information Administration, le Canada contribue pour 3 % de la production mondiale de pétrole. Le Canada est un preneur de prix dans le cas du pétrole brut et de l'essence, ce qui signifie que les producteurs canadiens prennent le prix du marché libre et n'exercent pas à eux seuls d'influence sur les prix mondiaux de l'essence.

Spanish

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