Examlex
Instructions: Identify the terms and briefly state their historical significance.
Charles Martel
Economic Growth
A rise in the output of products and services within an economy over a certain duration, typically assessed through the Gross Domestic Product (GDP).
Free Trade
The absence of tariffs, quotas, or other governmental restrictions on international trade, allowing goods and services to move freely across borders.
Developing Countries
Nations with a lower level of industrialization, lower income per capita, and usually lower standards of living, often working towards more advanced social and economic status.
Economic Openness
The extent to which a country allows for the free flow of goods, services, and capital across its borders.
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