Examlex
Explain the concept of valence of money.
Deep Integration
The extent of integration in economic relations and policies beyond removal of tariffs to include harmonization of legal and regulatory systems.
Shallow Integration
Refers to the removal of tariffs and border barriers to facilitate trade between countries, without significantly harmonizing domestic laws and policies.
Third Sector
Refers to the part of an economy or society that is composed of non-governmental and non-profit organizations or associations, including charities, volunteer services, and non-profit organizations.
Nonprofit Organizations
Nonprofit organizations are entities that are dedicated to furthering a particular social cause or advocating for a shared point of interest, without seeking profit for their owners or organizers.
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