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Explain the Concept of Valence of Money

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Essay

Explain the concept of valence of money.


Definitions:

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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