Examlex
Instructions: Identify the terms and briefly state their historical significance.
Fort William and Madras
Demand Curves
Graphical representations showing the relationship between the price of a good and the quantity demanded.
World Markets
The aggregate of all geographical markets where goods, services, and financial assets are traded internationally.
International Cartel
An agreement amongst businesses or organizations from different countries aimed at controlling production, setting prices, or limiting competition in the international market.
Marginal Cost
The increment in comprehensive cost derived from the fabrication of an additional unit of a product or service.
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