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WORLD PRICES
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Operations of world prices. Kinds of world prices
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The world market is characterized by a multiplicity of applied prices, due to the action of a variety of commercial, trading and political factors.
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The multiplicity of prices mean a number of prices for the same goods or goods of the same quality in the same sphere of circulation (import, wholesale, retail), on the basis of the same transport.
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In this regard, generally distinguish: 1) The prices on ordinary commercial transactions with payment: in free convertible currency, in non-convertible or partially convertible currency;
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2) The prices in clearing agreements; 3) the price of the program within the framework of state assistance, and others.
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With this multiplicity of prices for the actual world refers to the price at which produced large export-import operations, to the greatest extent characterize the state of international trade in a particular commodity.
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The operations must: 1) carried out on a regular basis, as the prices of transactions, wearing casual, sporadic, are not representative;
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2) be separated commercial nature, i.e. are not taken into account the operation of counter-trade, supply of goods within the state aid and the like, "linked" the nature of which significantly affects the price; 3) carried out in conditions of free trade and political regime, i.e. as the world is unable to serve, for example, the prices set in the closed economic groups (so-called price "closed market"); 4) made in free convertible currency.
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In international trade, two basic types of prices: settlement and published. Settlement prices - are determined by individual firms – exporters to specific types of industrial goods in accordance with the different methods.
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Published prices - prices that reported in the special and proprietary sources.
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They tend to reflect the level of world prices. These include: reference prices; stock exchange quotations; auction prices; trading price; prices of actual transactions; offer price of large firms.
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One of the most widely used in international trade world indicators are reference prices, which are the prices of goods in the domestic wholesale and foreign trade in the industrialized countries. Reference prices are published regularly practically on all main types of products selling in the world market.
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