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Sunday, November 17th, 2024
the Week of Proper 28 / Ordinary 33
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Bible Encyclopedias
Reciprocity

The Nuttall Encyclopedia

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A term used in economics to describe commercial treaties entered into by two countries, by which it is agreed that, while a strictly protective tariff is maintained as regards other countries, certain articles shall be allowed to pass between the two contracting countries free of or with only light duties; this is the cardinal principle of Fair Trade, and is so far opposed to Free Trade.

Bibliography Information
Wood, James, ed. Entry for 'Reciprocity'. The Nuttall Encyclopedia. https://www.studylight.org/​encyclopedias/​eng/​nut/​r/reciprocity.html. Frederick Warne & Co Ltd. London. 1900.
 
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