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Explain Why There Was Greater Pressure Under GATT for Protectionism

question 90

Essay

Explain why there was greater pressure under GATT for protectionism around the world during the 1980s and 1990s.


Definitions:

Memory Chips

Electronic components used in devices for the purpose of data storage and processing.

Ordering Quantity

If this term refers to "Economic Order Quantity," it is a decision tool used in supply chain management to determine the optimal order size that minimizes total inventory costs.

Inventory Value

Inventory Value is the total cost associated with the goods and materials held by a company to produce or sell for profit.

Clothiers

Businesses or individuals specializing in the selling of clothing.

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