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Autarky Price
The price of a good in a country when it is closed to international trade, reflecting the balance of domestic supply and demand.
International Trade
The exchange of goods, services, and capital between countries or territories.
Domestic Market
The domestic market refers to the economic activities and transactions happening within a country's borders, focusing on the buying and selling of goods and services locally.
Consumer Surplus
The gap between what consumers are prepared and can afford to pay for a product or service versus what they end up paying.
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