„Absorption“
What does Absorption stand for?
1. An economic term for the total expenditures by a nation’s residents on goods and services.
2. The assumption by one carrier of the charges of another without any increase in the charges to the shipper.
Source:
Economic Theories and ConceptsView all itemsSamuelson, P.A., Nordhaus, W.D. (2010). Economics. 19th ed. McGraw-Hill/Irwin, New York.
Hinkelman, Edward G. (2008). Dictionary of International Trade: Handbook of the Global Trade Community. 9th Edition. World Trade Press.
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