Difference between revisions of "Reciprocity"
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== Webster's Dictionary <ref name="term_165438" /> == | |||
<p> A term used in economics to describe commercial treaties entered into by two countries, by which it is agreed that, while a strictly protective tariff is maintained as regards other countries, certain articles shall be allowed to pass between the two contracting countries free of or with only light duties; this is the cardinal principle of Fair Trade, and is so far opposed to Free Trade. </p> | <p> '''(1):''' ''' (''' n.) Reciprocal advantages, obligations, or rights; reciprocation. </p> <p> '''(2):''' ''' (''' n.) [[Mutual]] action and reaction. </p> | ||
== The Nuttall Encyclopedia <ref name="term_78923" /> == | |||
<p> A term used in economics to describe commercial treaties entered into by two countries, by which it is agreed that, while a strictly protective tariff is maintained as regards other countries, certain articles shall be allowed to pass between the two contracting countries free of or with only light duties; this is the cardinal principle of [[Fair]] Trade, and is so far opposed to Free Trade. </p> | |||
==References == | ==References == | ||
<references> | <references> | ||
<ref name="term_165438"> [https://bibleportal.com/dictionary/webster-s-dictionary/reciprocity Reciprocity from Webster's Dictionary]</ref> | |||
<ref name="term_78923"> [https://bibleportal.com/encyclopedia/the-nuttall-encyclopedia/reciprocity Reciprocity from The Nuttall Encyclopedia]</ref> | <ref name="term_78923"> [https://bibleportal.com/encyclopedia/the-nuttall-encyclopedia/reciprocity Reciprocity from The Nuttall Encyclopedia]</ref> | ||
</references> | </references> | ||
Latest revision as of 17:56, 15 October 2021
Webster's Dictionary [1]
(1): ( n.) Reciprocal advantages, obligations, or rights; reciprocation.
(2): ( n.) Mutual action and reaction.
The Nuttall Encyclopedia [2]
A term used in economics to describe commercial treaties entered into by two countries, by which it is agreed that, while a strictly protective tariff is maintained as regards other countries, certain articles shall be allowed to pass between the two contracting countries free of or with only light duties; this is the cardinal principle of Fair Trade, and is so far opposed to Free Trade.
