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International Trade
The exchange of goods and services between countries, allowing for the acquisition of products not available domestically or the export of surplus production.
Domestic Consumers
Individuals or entities within a country that purchase goods and services for personal use or consumption.
Domestic Producers
Refers to businesses and individuals that produce goods and services within a country's borders.
Tariff
A tax imposed by a government on goods and services imported from other countries to raise state revenue or to protect domestic industries.
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