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All | General FEWS NET | Food Security | Markets and Trade | Agroclimatology | Health and Nutrition

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Prices that have not been adjusted for inflation. The nominal price is equal to the money that is paid for a unit of a good or service in the market, at the shop, etc.

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Official Trade

Trade that has been registered or accounted for. It is often measured as well.

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Oligopoly

A market with only a few sellers or controlled by only a few sellers.

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Oligopsony

A market with only a few buyers or controlled by only a few buyers.

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Own Price Elasticity

Percentage change in quantity demanded of a commodity related to the percentage change in the price of that commodity.