TERMIUM Plus®

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

price ratio [3 records]

Record 1 2015-03-02

English

Subject field(s)
  • Pricing Theory
CONT

Suppose 2 hours of hunting yields 1 deer; or 4 hours yields 1 beaver. Then the price ratio between deer and beaver will be set by comparative labor time alone: the price of 1 beaver will equal 2 deer. Why 2 deer per beaver? Because the price ratio can be computed in necessary labor time as 4 hours (of sweaty works) /2 hours (of sweaty work).

French

Domaine(s)
  • Théorie des prix

Spanish

Save record 1

Record 2 2015-02-25

English

Subject field(s)
  • Economic Planning
CONT

It has already been suggested that the analyst should carry out such sensitivity analysis where questions arise as to the magnitude of the social discount rate, future price ratios and shadow prices for unemployed resources.

OBS

Feasibility studies usually contain estimates of commodity inputs and outputs either in volume terms or value terms. ... we examine various shortcuts that essentially involve using average border-to-market ratios rather than commodity-specific ratios.

French

Domaine(s)
  • Planification économique

Spanish

Save record 2

Record 3 1981-01-15

English

Subject field(s)
  • Pricing Theory
OBS

Food can be bartered for clothing at some terms of trade, i.e., at some price ratio.

French

Domaine(s)
  • Théorie des prix

Spanish

Save record 3

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