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Restrictive covenants, coupled with standard debt provisions, help the lender to monitor the borrower's activities to ensure efficient use of funds.
Trade Flows
The movement of goods and services between countries, often measured in terms of imports and exports.
Factor Endowments
The quantity and quality of labor, land, and natural resources of a country.
Acquired Comparative Advantage
A concept where a country becomes more proficient and competitive in producing goods or services not because of natural factors but through practice and technological advancement.
Subsidy
A form of financial aid or support extended to an economic sector (or institution, business, or individual) generally with the aim of promoting economic and social policies.
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