Examlex
Segregation was declared illegal by the Brown vs.Board of Education of Topeka ruling.
Competitive Disadvantage
A condition where a company or country is not able to compete effectively with others due to inferior resources, skills, or capabilities.
Protective Tariff
A tax imposed on imports to protect domestic industries from foreign competition.
Excise Tax
A specific tax imposed on certain goods, products, or activities, usually to discourage consumption or to raise revenue.
Comparative Advantage
An economic theory that describes how a country or entity can produce goods and services at a lower opportunity cost than others.
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