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law of value (DO, P1)<br />The mechanism in a CAPITALIST SOCIETY for distributing total LABOUR POWER between branches of production via the prices of products. A consequence of the law is that the pattern of investment is determined according to the deviation of specific rates of profit from the average rate of profit.
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<strong>Automated Clearinghouse (ACH)</strong> – An overnight method of transferring funds electronically via the Federal Reserve.
static gains from trade (F1)<br />The immediate benefits to a country and to factors of production of engaging in international trade. The gains include an improved TRADE BALANCE and higher profits through more specialization.<br /><em>See also:</em> dynamic gains from trade
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