Examlex
Discuss how the casuist ethical theory differs from moral relativism theory and describe their drawbacks.
WTO
The World Trade Organization, an international body aimed at promoting and facilitating global trade and resolving trade disputes.
Globalization
The method through which companies or various organizations expand their influence globally or begin to function at an international level.
Exports
Commodities or services sent overseas for the objective of being sold or traded.
Opportunity Cost
The cost of an alternative that must be foregone in order to pursue a certain action. Essentially, the benefits you could have received by taking an alternative action.
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