Unilateral Definition In Economics

For example the united states might enter into a unilateral agreement with canada over the employment of canadian hockey players in the united states.

Unilateral definition in economics. Unilateral effects analysis and market definition. A unilateral transfer is a one way transfer of money goods or services from one party to another. The agreement though would have nothing to do with u. It is not open to negotiation.

Unilateral definition is done or undertaken by one person or party. Involving or performed by only one party of several unilateral disarmament. Role in balance of payments accounting in international payment and exchange. Of having affecting or occurring on only one side.

Law of contracts obligations etc made by affecting or binding one party only and not involving the other party in reciprocal obligations. An action often used in terms of an international trade agreement that s extended to only one party. Market definition has traditionally been considered a central step in assessing the potential harm of a merger since a well defined relevant market allows for the measurement of market shares and concentration. The unilateral defection of some localities altered the incentives of other localities we have to remember that it is the government s unilateral process that holds up settlements in the present situation unilateral gestures can also do their vital bit in making the climate conducive for talks.

The current account among unilateral transfers the more important are outright aid by governments subscriptions to international agencies grants by charitable foundations and remittances by immigrants to their former home countries. How to use unilateral in a sentence. A unilateral trade agreement is a commerce treaty that a nation imposes without regard to others. Economic definition of unilateral.

In general unilateral contracts are most often used when an offeror has. A unilateral contract is a contract agreement in which an offeror promises to pay after the occurrence of a specified act. It is often used to describe payments made by a government to their citizens or from one country. Hockey players in canada.