| Business and Economic Terms-India |
| S&D,SDT |
Special and differential treatment (for developing countries) |
| SAARC |
South Asian Association for Regional Cooperation |
| SDR |
Special Drawing Rights (IMF) |
| SDRs (special drawing rights) |
A form of international money created by the IMF which is acceptable in settlement of debts among the countries. |
| Secondary sector |
That part of the economy concerned with the manufacture of goods. |
| SELA |
Latin American Economic System |
| Shadow prices |
Estimated prices in situations where market prices do not exist. |
| Shares |
Securities issued by companies as a way of raising long-term capital. Holders are owners of the company. |
| Spot market |
That part of the foreign exchange market concerned with thebuying and selling of currencies for immediate use. |
| SPS |
Sanitary and phytosanitary measures |
| Subsidies |
Payments to producers or consumers designed to encourage an increase in output. |
| Subsistence |
The minimum income needed to survive. |
| Supply side economics |
The branch of economies concerned with the productive potential of the economy and how to increase it. |
| SWOT Analysis |
Strength, Weakness, Opportunity and Threat analysis. |
| TBT |
Technical barriers to trade |
| Tertiary sector |
That part of the economy concerned with the provision of services. |
| TMB |
Textiles Monitoring Body |
| TNC |
Trade Negotiations Committee |
| TPRB |
Trade Policy Review Body |
| TPRM |
Trade Policy Review Mechanism |
| Trade-off |
What has to be sacrificed in order to obtain a good, it is equivalent to opportunity cost. |
| Transfer pricing |
Setting internal prices to charge other branches of the same company. |
| TRIMs |
Trade-related investment measures |
| TRIPS |
Trade-related aspects of intellectual property rights |
| UN |
United Nations |
| UNCTAD |
UN Conference on Trade and Development |
| UNDP |
UN Development Programme |
| UNEP |
UN Environment Programme |
| UPOV |
International Union for the Protection of New Varieties of Plants |
| UR |
Uruguay Round |
| VAT |
Value Added Tax. |
| VER |
Voluntary export restraint |
| VRA |
Voluntary restraint agreement |
| WCO |
World Customs Organization |
| WCO |
World Customs Organization |
| WIPO |
World Intellectual Property Organization |
| WTO |
World Trade Organization (WTO) deals with the rules of trade between nations at a global or near-global level. |
| WTO |
World Trade Organization |
| Zero based budgeting |
Setting a budget in which all spending must be justified each year, not just amounts in excess of the previous year. |