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The value of money, as measured by the quantity and quality of products and services it can buy. The amount of goods or services that one unit of money can buy.
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Real prices
Prices that have been adjusted for inflation. Real prices hold the value of currency constant, and allow you to compare the exchange value of a good or service in different time periods.
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Reference market
A market that provides good information and orientation for food security analysis. Reference markets would include markets in areas characterized by food insecurity and vulnerability or key markets that influence the performance of other markets directly tied to food insecure and vulnerable populations.
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Relative prices
The exchange value of one good or service for another (i.e., the price of one good in terms of another). Usually measured in terms of the price ratio of the two goods.
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Rents to arbitrage
The difference between the net marketing margin and the transfer costs accrued when transferring the product from one market to another or one point in time to another.
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Reporting Country
Where the trade flow was observed/enumerated, often at a specific Border Point.
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Research & Innovation
The process of coming up with new and efficient ways of utilizing scares resources to produce goods and services.
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Retail market
A market where commodities are largely sold to end users, especially consumers. Per transaction volumes tend to be smaller, for example per kg or small bowl.
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Retailers
Traders, merchants or storeowners who tend to sell to consumers and other end users. Retailers usually sell in smaller volumes than wholesalers; their average transaction size is smaller.
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