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Pisa, Italy

University of Pisa

Economics and Trade

Economia e commercio

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Economics and Trade at University of Pisa »
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⇑Economics and Trade at University of Pisa

Language: Italian Studies in Italian

Studies in Italian

Subject area: economy and administration

University website: www.unipi.it

⇑Definitions and quotes

Economics

Economics () is the social science that studies the production, distribution, and consumption of goods and services.

Trade

Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. A system or network that allows trade is called a market.

Trade

Prudent business men in their dealings incur risk.

Bacon, V.-C., In re Godfrey, Godfrey v. Faulkner (1883), L. R. 23 C. D. 493.

Trade

Free trade may have wide support among economists, but its support among the public at large is considerably less.

Thomas Sowell, Basic Economics, 4th ed. (2010), Ch. 22. Overview.

Trade

Empirical evidence tends to show that trade liberalisation may entail non-trivial adjustment costs for certain groups.

World Trade Organization annual report

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