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Free Trade
The economic policy of not discriminating against imports from and exports to foreign jurisdictions, allowing goods to move across borders without regulatory or tariff barriers.
Comparative Advantage
The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its competitors, underpinning the rationale for international trade.
Job Losses
The act of becoming unemployed due to factors like economic downturns, restructuring, or automation.
Job Gains
Increases in the number of jobs available in an economy, indicating employment growth and potentially a strengthening economic condition.
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