Examlex
Romans were shocked by their defeat at the hands of Hannibal at
Terms Of Trade
The ratio of a country's export prices to its import prices, affecting the volume of imports that can be bought with a given volume of exports.
Economic Basis
The foundational activities or sectors upon which a region's or country's economy is built and operates, fundamentally influencing its wealth and growth.
World Trade
Refers to the exchange of goods and services across international borders or territories.
Uneven Distribution
A situation where resources, wealth, or opportunities are not evenly shared among members of a society or geographic areas, often leading to disparities.
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