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Market-Oriented Economy
A type of economic system where supply and demand from private households and businesses shape the production of goods and services, with minimal government intervention.
Immigration
The process of permanently relocating to a country that is not one's own.
Regional Trading
The exchange of goods and services within a specific geographic area, promoting economic cooperation among neighboring countries.
Trading Bloc Agreements
These are agreements between groups of countries, often geographically proximate, to promote trade among themselves by reducing trade barriers like tariffs and import quotas.
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