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It is generally claimed that state trading,or centrally controlled trading will tend to reach a lower economic welfare than would be reached by allowing market forces to determine trade flow directions and terms of trade.Illustrate a counter-example to this proposition.
Repaid
The action of paying back borrowed money to a lender, either in installments or as a lump sum.
Loans
Sums of money borrowed that are expected to be paid back with interest, often under agreed-upon terms between lenders and borrowers.
Simple Interest
Interest earned or paid on the original principal only of a deposit or loan, without compounding.
Loan Repaid
The act of paying back borrowed money to the lender.
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