Examlex
Explain the advantages of using the same brand name for new products.
Export
The process of sending goods or services to another country for sale.
World Price
The international market price of a commodity or product, determined by global supply and demand forces.
Free Trade
The policy of allowing unrestricted import and export of goods between countries, without tariffs, quotas, or other restrictions.
Total Surplus
The sum of consumer and producer surplus, which measures the total benefit to society from conducting transactions in a market.
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