Examlex
Unemployment due to job search is best classified as structural unemployment.
WTO
The World Trade Organization is a global entity responsible for managing the regulations of trade among countries, striving to facilitate trade that is smooth, predictable, and unrestricted.
European Union
A political and economic union of 27 member states located primarily in Europe, committed to regional integration through common laws and policies.
Euro
The official currency of the Eurozone, used by 19 of the 27 European Union countries.
Globalization
The increasing interconnectedness and interdependence of the world's markets and businesses, facilitated by advancements in transportation, communication, and technology.
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