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Explain any three of the main principles of GATT 1947?
Real GDP
Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by a country in a specific period, reflecting actual productivity.
Ownership Of Property
The legal right to possess, use, and dispose of assets such as land, buildings, or personal items.
Foreign Direct Investment
Investment made by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets.
Domestic Investment
The total amount of money invested in assets and businesses within a country's borders.
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