Trade Theory

Factor Price Equalization
A theorem that asserts international trade will equalize the prices of production factors across countries.
Heckscher–Ohlin Model
A foundational framework in the theory of inter-industry trade, named after its creators, which postulates that differences in relative factor endowments drive international trade patterns.
International Trade - Definition and Meaning
An examination of the fundamental practices, historical significance, and diverse analytical approaches to understanding international trade.
Intra-Industry Trade
Trade where goods of the same classification are both imported and exported.
Variety
An entry on the economic concept of variety, particularly in reference to goods differentiated by specification or brand name.