"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"
        },
        {
          "kind": "other",
          "name": "English entries with language name categories using raw markup",
          "parents": [
            "Entries with language name categories using raw markup",
            "Entry maintenance"
          ],
          "source": "w"
        },
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          "kind": "other",
          "name": "English terms with non-redundant non-automated sortkeys",
          "parents": [
            "Terms with non-redundant non-automated sortkeys",
            "Entry maintenance"
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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",
        "science",
        "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",
  "senses": [
    {
      "categories": [
        "English countable nouns",
        "English entries with incorrect language header",
        "English entries with language name categories using raw markup",
        "English eponyms",
        "English lemmas",
        "English multiword terms",
        "English nouns",
        "English terms with non-redundant non-automated sortkeys",
        "en:Economics"
      ],
      "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",
        "science",
        "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"
}