Examlex
Extreme safety should be exercised when working on a hybrid vehicle.
Net Welfare Loss
The decrease in social welfare, often measured as the loss in efficiency or total wealth due to distortions, such as taxes or subsidies.
World Trade Organization
An international organization that regulates international trade and ensures that trade flows as smoothly, predictably, and freely as possible.
Institutionalized
Institutionalized refers to the process by which certain practices or norms become established and accepted in society or within an organization as formal structures.
NAFTA
The North American Free Trade Agreement, a treaty between Canada, Mexico, and the United States that was designed to remove tariff barriers between the three countries.
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