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Explain possible benefits of global economic integration.
Liability
A financial obligation or debt owed by an individual or entity to another party that has to be paid back in the future.
Partly Owned Subsidiaries
Subsidiaries that are not wholly owned by the parent company, implying the existence of minority or non-controlling interests.
Ownership Interests
Rights or claims to assets and earnings, often associated with the holding of equity or shares in a company.
Fair Value Method
An accounting approach that assesses the price of an asset or liability based on current market conditions, rather than historical cost.
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