Examlex
India's population is expected to overtake that of China within the next decade. What differences between these two nations could have contributed to this outcome?
Overall Trade Imbalance
A situation where the value of a country's imports significantly surpasses or falls short of its exports, reflecting a disparity in trade flow.
World War II
A global conflict that lasted from 1939 to 1945, involving most of the world's nations and resulting in significant geopolitical changes and the establishment of the United Nations.
Free Trade
The exchange of goods and services between countries with minimal regulatory restrictions like tariffs.
Adam Smith
was an 18th-century Scottish economist and philosopher, best known for his influential works on the principles of free market economics.
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