Examlex
At equilibrium, the rate of the forward reaction is equal to the rate of the reverse reaction.
North American Free Trade Agreement
A treaty among Canada, Mexico, and the United States that eliminated most tariffs and trade barriers between the countries, aiming to increase economic integration.
Corporate Welfare
Government support or subsidies to corporations including tax breaks, grants, and other financial incentives designed to support business interests.
Economic Planning
The process by which major economic decisions are made or influenced by central governments, including policies regarding the distribution of resources and national objectives.
Subprime Mortgage Lenders
Financial institutions that provide mortgages to borrowers with lower credit ratings, often at higher interest rates than prime loans.
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