Examlex
Industrial policy seeks to direct resources to declining industries in which productivity is low, linkages to the rest of the economy are weak, and future competitiveness is remote.
Opportunity Cost
The value of the next best alternative foregone as the result of making a decision.
Autarky
A situation or policy whereby a country or economy is self-sufficient and does not engage in international trade.
Netherlands
The Netherlands is a country in Northwestern Europe known for its flat landscape, extensive canal systems, cycling routes, and tulip fields.
Tulips
A type of flowering plant known for its bright colors and bulbous shape, often associated with the Netherlands.
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