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 ?
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.
Food and Drink Products Bread and Cereals 8 11 Meat and Fish -- -- Dairy Products 7 7 Fruit and Vegetables -- -- Drinks -- -- Tobacco and Cigarettes 10 13 Nontraded Products Heating and Lighting 3 4 Public Transport 2 1 Communications 4 2 Recreational Services 1 3 Books, Newspapers, Magazines 5 6 Shelter (Rent) 6 5 Remaining Products Clothing 11 10 Footwear 13 9 Furniture and Fixtures 12 12 Household Appliances 9 8 Private Transport -- -- Recreational Goods -- -- Other Products -- -- Notes: The dash denotes that coefficients for [[beta].