Examlex
Natural resources are resources that occur in nature, while capital is a produced good that is used to produce another good.
Offshoring
The relocation of business processes or manufacturing to a foreign country, typically to leverage lower costs or other benefits.
Infant Industry
A new or emerging industry that may be protected by the government from international competition to allow it to grow and establish itself.
Foreign Competition
The competitive pressure that domestic companies face from the products and services offered by foreign firms in the same market.
General Agreement on Tariffs and Trade
An international trade treaty aimed at reducing customs tariffs and other trade barriers to foster global economic trade.
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