The income arising from investments and possessions owned abroad is not included. The total market value of all final goods and services produced by an economy during a year. The main business of the IMF is the provision of loans to its members when they experience balance of payments difficulties. These loans often carry conditions that require substantial internal economic adjustments by the recipients. An economic development strategy that emphasizes the growth of domestic industries, often by import protection using tariff and nontariff measures.
Proponents favor the export of industrial goods over primary products.
The term peso is often used as a short form to refer to the Uruguayan new peso in the post-1975 era. The number of units that must be given up for one unit of goods by each party, e.g., nation, to a transaction. The terms of trade are said to move in favor of the party that gives up fewer units of goods than it did previously for one unit of goods received and against the party that gives up more units of goods for one unit of goods received. Uruguayan new peso The Uruguayan unit of currency, consisting of 100 cent simos. Often referred to in short form as the peso.