Examlex
With respect to Rostow's five-stage model of economic development, countries in Stage 5 (the age of mass consumption) are mostly service economies.
World Price
The global market price of a good or service, determined by supply and demand in the international marketplace.
No-Trade Policy
A policy or stance that restricts or prohibits trading certain goods, services, or information between countries or jurisdictions.
Free-Trade Policy
A policy approach that encourages international trade by minimizing or eliminating tariffs, quotas, and other trade barriers between countries.
World Price
The international market price of a good or service, influenced by global supply and demand factors.
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