Examlex
Which of the following innovations characterized the early empires that emerged in the first millennium BCE?
World Price
World Price is the international market price of a good or service, determined by global supply and demand forces.
Domestic Supply
The total quantity of a product or service produced within a country and available for domestic consumption or sale.
Domestic Demand
The total demand for goods and services within a country's borders, not including exports or imports.
Import Quota
A government-imposed limit on the quantity of a certain type of good that can be imported into a country, aimed at protecting domestic industries and workers.
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