"Marshall-Lerner condition" meaning in English

{
  "etymology_text": "Named after Alfred Marshall and Abba P. Lerner.",
  "forms": [
    {
      "form": "Marshall-Lerner conditions",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "Marshall-Lerner condition (plural Marshall-Lerner conditions)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
            "Entry maintenance"
          ],
          "source": "w"
        },
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          "kind": "other",
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        },
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          "source": "w"
        },
        {
          "kind": "topical",
          "langcode": "en",
          "name": "Economics",
          "orig": "en:Economics",
          "parents": [
            "Social sciences",
            "Sciences",
            "Society",
            "All topics",
            "Fundamental"
          ],
          "source": "w"
        }
      ],
      "glosses": [
        "The condition that an exchange rate devaluation or depreciation will only cause a balance of trade improvement if the absolute sum of the long run export and import demand elasticities is equal to, or greater than 1."
      ],
      "id": "en-Marshall-Lerner_condition-en-noun-hC6VewKd",
      "links": [
        [
          "economics",
          "economics"
        ],
        [
          "exchange rate",
          "exchange rate"
        ],
        [
          "devaluation",
          "devaluation"
        ],
        [
          "depreciation",
          "depreciation"
        ]
      ],
      "raw_glosses": [
        "(economics) The condition that an exchange rate devaluation or depreciation will only cause a balance of trade improvement if the absolute sum of the long run export and import demand elasticities is equal to, or greater than 1."
      ],
      "topics": [
        "economics",
        "sciences"
      ],
      "translations": [
        {
          "code": "cs",
          "lang": "Czech",
          "sense": "Marshall-Lerner condition",
          "tags": [
            "feminine"
          ],
          "word": "Marshall–Lernerova podmínka"
        },
        {
          "code": "pt",
          "lang": "Portuguese",
          "sense": "Marshall-Lerner condition",
          "tags": [
            "feminine"
          ],
          "word": "condição de Marshall-Lerner"
        },
        {
          "code": "pt",
          "lang": "Portuguese",
          "sense": "Marshall-Lerner condition",
          "tags": [
            "feminine"
          ],
          "word": "condição Marshall-Lerner"
        }
      ],
      "wikipedia": [
        "Marshall-Lerner condition"
      ]
    }
  ],
  "word": "Marshall-Lerner condition"
}

{
  "etymology_text": "Named after Alfred Marshall and Abba P. Lerner.",
  "forms": [
    {
      "form": "Marshall-Lerner conditions",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "Marshall-Lerner condition (plural Marshall-Lerner conditions)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
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    {
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        "English countable nouns",
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        "English lemmas",
        "English multiword terms",
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        "Entries with translation boxes",
        "Pages with 1 entry",
        "Pages with entries",
        "Terms with Czech translations",
        "Terms with Portuguese translations",
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      ],
      "glosses": [
        "The condition that an exchange rate devaluation or depreciation will only cause a balance of trade improvement if the absolute sum of the long run export and import demand elasticities is equal to, or greater than 1."
      ],
      "links": [
        [
          "economics",
          "economics"
        ],
        [
          "exchange rate",
          "exchange rate"
        ],
        [
          "devaluation",
          "devaluation"
        ],
        [
          "depreciation",
          "depreciation"
        ]
      ],
      "raw_glosses": [
        "(economics) The condition that an exchange rate devaluation or depreciation will only cause a balance of trade improvement if the absolute sum of the long run export and import demand elasticities is equal to, or greater than 1."
      ],
      "topics": [
        "economics",
        "sciences"
      ],
      "wikipedia": [
        "Marshall-Lerner condition"
      ]
    }
  ],
  "translations": [
    {
      "code": "cs",
      "lang": "Czech",
      "sense": "Marshall-Lerner condition",
      "tags": [
        "feminine"
      ],
      "word": "Marshall–Lernerova podmínka"
    },
    {
      "code": "pt",
      "lang": "Portuguese",
      "sense": "Marshall-Lerner condition",
      "tags": [
        "feminine"
      ],
      "word": "condição de Marshall-Lerner"
    },
    {
      "code": "pt",
      "lang": "Portuguese",
      "sense": "Marshall-Lerner condition",
      "tags": [
        "feminine"
      ],
      "word": "condição Marshall-Lerner"
    }
  ],
  "word": "Marshall-Lerner condition"
}