| 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 the buying 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. |
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