Examlex
Although the modification of products involves extra costs, the costs can be more than offset by enhancing the appeal of the product to a wider market in the target overseas country.
Recession
A stretch of momentary economic regression, with a downturn in industrial and trade operations, generally pinpointed by a GDP fall in two sequential quarters.
Crowding-Out Effect
A situation where increased government spending leads to a reduction in private sector spending, either because it raises interest rates or because it uses up available financial resources.
Keynesians
Keynesians are economists or followers of the economic theories of John Maynard Keynes, who advocate for active government intervention to manage economic cycles.
Crowding-Out
An economic theory that suggests increased government spending reduces or "crowds out" private sector spending and investment.
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