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Trade Deficit
An instance where the value of goods and services a country imports is greater than what it exports, causing a trade imbalance negatively.
Economic Colony
A region or country under the economic control or influence of another, often exploited for its resources.
Prime Exporter
A country or firm that is the leading seller of goods or services to foreign countries, thereby holding a significant share of international trade in certain commodities or products.
Trade Surplus
A situation where a country exports more goods and services than it imports, leading to a positive balance of trade.
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