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Trade Surplus
Occurs when a country's exports exceed its imports, indicating a positive balance of trade.
Neo-Mercantilism
A trade theory which suggests that trade generates wealth for a country with a trade surplus, with emphasis on rapid economic development.
Positive Balance
A financial situation where assets exceed liabilities, indicating a surplus.
Protectionist Actions
Measures taken by a government to protect its domestic industries from foreign competition by imposing tariffs or quotas.
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