Except for some adjustments that don't usually enter theoretical models, NI is the same as GDP . The principle of providing foreign producers and sellers the same treatment provided to domestic firms. Natural person This term appears in the GATS where it deals with the international movement of employees of firms that are providing services in another country. Natural resource Anything that is provided by nature, such as deposits of minerals, quality of land, old-growth forests, fish populations, etc. The availability of particular natural resources is an important determinant of comparative advantage and trade in products that depend on them.
Natural resources constitute one of the primary factors of production.
Natural trade Trade that is either free or restricted , but that is not artificially encouraged by subsidies or other stimulants. Considered a distortion because the first agent has inadequate incentive to curtail their action. In an international agreement, a list of those items, entities, products, etc. to which the agreement will not apply, the commitment being to apply the agreement to everything else. Contrasts with positive list . Neoclassical A collection of assumptions customarily made by mainstream economists starting in the late 19th century, including profit maximization by firms, utility maximizaiton by consumers, and market equilibrium, with corresponding implications for determination of factor prices and the distribution of income.