Examlex
The existence of the derivative action remedy means that directors are unable to treat the corporation as their own personal fiefdom with impunity.
International Trade
The exchange of goods and services between countries, which can increase market competition and lead to better product diversity and lower prices.
World Price
The global market price of a good or service when it is traded internationally.
Free Trade
The economic policy of not discriminating against imports from and exports to foreign jurisdictions, allowing goods to move across borders without regulatory or tariff barriers.
Comparative Advantage
The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its competitors, underpinning the rationale for international trade.
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