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How has globalization impacted overseas travel?
Laissez-faire
An economic philosophy of free-market capitalism that opposes government intervention in the marketplace.
Active Government Intervention
The involvement of the government in the economy to correct market failures, redistribute resources, or stabilize the economy.
Fiscal Policy
Government policies regarding taxation and spending that are used to influence economic conditions, including levels of employment, inflation, and economic growth.
Stagflation
An economic condition characterized by stagnant growth, high unemployment, and high inflation.
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