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In 2001, the U

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In 2001, the U.S. Congress endorsed China's application to join


Definitions:

Economic Competition

A condition in markets where businesses or sellers independently strive for the consumers' patronage to achieve a particular business objective, such as profits or market share.

Deregulation

The process of removing or reducing state regulations, typically in the economic sphere, to encourage free-market competition.

Republican Party

A major political party in the United States, also known as the GOP (Grand Old Party), which traditionally supports conservative policies, including smaller government, lower taxes, and strong national defense.

Same-Sex Marriage

A legally recognized marriage between two individuals of the same sex, granting them the same rights and responsibilities as opposite-sex couples.

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