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Market Equilibrium
A condition or point where market supply and demand balance each other, and as a result, prices become stable.
Trade Restrictions
Trade restrictions are governmental policies or regulations that limit international trade, including tariffs, quotas, and non-tariff barriers, with the aim of protecting domestic industries.
World Price
The international market price of a good or service, determined through the global supply and demand forces.
World Demand
The total demand for goods and services from all countries around the globe.
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