Examlex
If neither party has performed its obligations under a contract when a frustrating event occurs,they are both left where they were before the contract was formed.
Neoliberalism
An ideology and policy model emphasizing free-market capitalism, deregulation, and reduction in government spending.
Global Economy
An interconnected world economic system in which goods, services, and labor move across national boundaries with minimal restriction.
Economic Heterogeneity
The existence of variations in economic attributes among individuals, groups, regions, or countries, leading to differences in wealth, income, and economic opportunities.
Globalization
The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence of the world's economies, cultures, and populations.
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