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Free Trade
An economic policy that allows imports and exports among member countries with no or low tariffs, quotas, or other barriers to trade.
Domestic Production
The manufacture of goods within a country’s borders as opposed to importing goods from other countries.
Domestic Price
The price of goods or services within a country's borders, differing from global or international prices due to factors like tariffs, taxes, and demand-supply dynamics in the local market.
Free Trade
An economic policy that allows imports and exports between countries with minimal or no barriers to trade.
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