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effective rate of assistance (F1)<br />VALUE ADDED to a country's production as a result of PROTECTION as a proportion of the value added by producers under FREE TRADE. This is calculated by the formula (A - B)/ B, where A is the domestic price of a good, including a tariff, minus the subsidized cost of inputs per unit of out- put, and B is the world price of a good minus the unsubsidized cost of inputs per unit of output.
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mesoeconomy (PO)<br />That part of the ECONOMY run by big business. It is intermediate between households or small firms and national governments.<br /><em>Reference</em><br />Holland, S. (1987) The Market Economy from Micro to Mesoeconomics, London: Weidenfeld & Nicolson.
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