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In a short essay, discuss the process of orientation and its major goals.
Total Output
The total value of all goods and services produced within an economy over a specific period, often used as a measure of economic performance.
Economic Conflict
Disputes between countries, organizations, or groups over resources, economic policies, or trade practices that can affect global or local economies.
Trade Barriers
Measures such as tariffs, quotas, and regulations established by countries to control the import and export of goods and services, influencing international trade dynamics.
Industrialization
The transformation process in which an economy shifts from largely focusing on agriculture to mainly concentrating on the manufacturing of products.
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