Examlex
The average enterprise resource planning (ERP) implementation cost is $5.5 million with an average project duration just over 14 months.
Domestic Consumers
Individuals or households within a country that purchase goods and services for personal use or consumption.
Domestic Producers
Companies or individuals that produce goods and services within a country's borders, contributing to the domestic economy.
Terms of Trade
This concept measures the ratio of a country's export prices to its import prices, indicating the relative strength of its economy in the global market.
Equilibrium World Price
The price of an internationally traded product that equates the quantity of the product demanded by importers with the quantity of the product supplied by exporters; the price determined at the intersection of the export supply curve and the import demand curve.