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As global markets shifted, the nation's textile sector was devastated by price scissors, with export revenues collapsing while import values stayed high.
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As global markets shifted, the nation's textile sector was devastated by price scissors, with export revenues collapsing while import values stayed high.
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Related words
price scissors
Noun
(economics)
The
phenomenon
where,
for
a
certain
group
or
sector
of
productive
population,
the
overall
valuation
from
their
production
for
sale
outside
the
group
drops
below
the
valuation
of
the
demand
of
the
group
for
goods
produced
outside
the
group
after
a
period
of
reasonable
equilibrium.
For
example,
changing
world
price
levels
cause
a
country's
exports
to
plummet
in
value,
while
the
valuation
of
its
imports
remains
relatively
stable.
Japanese Meaning
経済学における概念で、特定の生産集団や部門において、一定の均衡期の後、グループ外への生産物の販売による全体的な評価が、グループ自身がグループ外から購入する商品の需要評価を下回る現象を指す。例えば、世界的な価格変動により国の輸出価格が急落する一方で、輸入価格は比較的安定する状態などが挙げられる。
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