nontraded product

nontraded product

  1. a product that cannot be traded under any circumstance because no markets for such products exist, for example, COLLECTIVE PRODUCTS like defence.
  2. a product that cannot be traded outside a certain limited geographical area because its bulk or weight makes it prohibitively expensive to transport and trade internationally, for example, gravel and bricks.
References in periodicals archive ?
"The focus" of FINRA "this year was on nontraded products: REITs, business development companies [BDCs], annuities and IRA rollovers."
These can be grouped into traded and nontraded products. Markets for nontraded products are likely to be less competitive than traded products since they are noncontestable in the sense that, by definition, these goods cannot be imported.
There were systematic patterns which accorded with expected signs from menu cost and search cost theory and were (externally) consistent with expected differences for traded and nontraded products. The findings showed differential price changes across European markets to be influenced by inflation.
Usually, nontraded products must be provided at the location of consumption, and consumption is highly diffused throughout the economy.