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Budget Deficit
The financial situation where a government's expenditures exceed its revenues within a specific time period, leading to borrowing or debt accumulation.
Open Door Policy
A policy in which a company or nation maintains openness to trade with all countries or offers unhindered access to its services or office to its personnel.
Recession
A period of temporary economic decline during which trade and industrial activities are reduced, typically identified by a fall in GDP in two successive quarters.
Deregulation
The process of reducing or eliminating government rules controlling how businesses can operate, often to increase market competition.
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