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Trade Protection
Economic policies and measures designed to restrict international trade to protect domestic industries from foreign competition.
Foreign Competition
Economic rivalry that businesses face from producers located in other countries.
Net Loss
The amount by which total expenses exceed total revenues for a business or individual, indicating a negative financial performance.
Deadweight Loss
Deadweight Loss is the loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.
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