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Statistical Discrimination

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Statistical discrimination


Definitions:

Export Promotion

Strategies and policies adopted by a country to encourage the sale of domestic goods and services abroad, aiming to improve the trade balance.

Industrial Production

The measure of output of the industrial sector of the economy, including manufacturing, mining, and utilities.

Foreign Consumers

Individuals or organizations located in one country who purchase goods or services produced in a different country.

Industrial Policy

A strategic effort by a government to encourage the development and growth of specific sectors or industries within the economy.

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