Frictionless trade and General ledger: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Expand 2nd definition.)
 
imported>Doug Williamson
(Add abbreviation.)
 
Line 1: Line 1:
1.
''Accounting''.  
 
Strictly, frictionless trade is the theoretically complete absence of all costs, delay or restrictions on market activity.
(GL).
 
 
2. ''International trade - European Union - Brexit.''
 
More loosely, frictionless international trade is generally understood to mean the absence of border checks.
 
The degree of friction often being crudely measured by the length of time it takes consignments of physical goods to cross the border.


Another name for the Nominal Ledger.


== See also ==
== See also ==
* [[Brexit]]
* [[Account]]
* [[European Union]]
* [[Nominal Ledger]]
* [[Friction]]
* [[Hysteresis]]
* [[International trade]]
* [[Make UK]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Revision as of 19:19, 5 September 2017

Accounting.

(GL).

Another name for the Nominal Ledger.


See also