Examlex
If the value of a nation's imports is more than the value of
Its exports, then the nation is experiencing:
Delegation
The act of assigning responsibility or authority from one person to another to carry out specific activities.
Incidental Beneficiary
A third party who benefits from a contract between two other parties, albeit without any intention from the contracting parties to benefit the third party.
Contract
A legally enforceable agreement between two or more parties with mutual obligations.
Paving Streets
The process of covering and constructing roads with materials like asphalt or concrete to create a smooth, durable surface for vehicles and pedestrians.
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