The phenomenon of eliminating trade barriers and increasing international trade.

The total value of everything produced by all the people and companies in the country.

The sum of a nation’s gross domestic product and asset income, which includes interests, rent, and profits.

It occurs when the monthly inflation rate exceeds 50%.

A trade and economic policy which advocates replacing foreign imports with domestic production for the domestic market.

An increase in the price of goods and services over a specific period of time.

the rate of price inflation.

Industries that produce goods or services requiring a large amount of labor (in contrast to fixed capital input).

The percentage of the value of the materials or workers used to make a product that are from the area where the product is made in contrast to imported materials and/or foreign laborers.

An economic system of private ownership and a network of buyers, sellers, and other actors that come together to trade a given product or service.

The exchange rate controlled by the government, when different exchange rates are used for different imports and exports.

Income calculated by dividing the country's total income by its total population.

The current currency in Taiwan from June 15, 1949.

The currency in Taiwan after the surrender of Japan, replaced by the New Taiwan dollar on June 15, 1949.

The number and quality or value of goods and services that can be purchased with a unit of currency.