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In the case of partial destruction of identified goods before risk of loss passes to the buyer, the buyer has the option to avoid the contract or to accept the goods with due allowance from the contract price for the deterioration or deficiency.
U.S. GDP
The gross domestic product of the United States, a measure of the economic output of the entire country within a specific time frame.
Protectionism
Economic policy of restricting imports from other countries through methods such as tariffs and import quotas, to protect domestic industries.
Domestic Producers
Local manufacturers or growers of goods within a country's borders.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
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