Key term for OCR GCSE Geography B, used in Global Development Inequality.
The ratio between the prices a country gets for its exports and the prices it pays for its imports.
Terms of trade appears in OCR GCSE Geography B revision content for Dynamic Development, especially Global Development Inequality and Causes of Uneven Development.
Create a free account to access OCR GCSE Geography B revision notes, track progress, and practise related key terms.
