Examlex
Vertical equity means that
Decentralization
The process of distributing or dispersing functions, powers, people or things away from a central location or authority.
Trade Barriers
Government-imposed restrictions on international trade, such as tariffs and quotas, that affect the free flow of goods between countries.
Inefficient Industry
A sector of the economy where resources are not optimally used, often leading to wasted efforts, higher production costs, and reduced competitiveness.
Cross-Border Flow
The movement of goods, services, capital, and people across national boundaries.
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