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Limited Liability
A legal structure that limits the personal financial risk for shareholders of a company to the amount they invested in the company.
Trade Deficits
An economic condition that occurs when a country imports more goods and services than it exports.
National Debt
The total amount of money that a country's government has borrowed, usually as a result of deficit spending.
Recession
A period of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in successive quarters.
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