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To be binding,a price floor must be set:
Mohammed Mossadegh
An Iranian Prime Minister in the early 1950s known for his role in the nationalization of the Iranian oil industry and his subsequent overthrow in a coup d'état.
Nationalize
The process by which a government takes control of a private industry, business, or assets, often to ensure public access or control.
Third World Countries
A term historically used to describe nations that were neither aligned with the capitalist First World nor the communist Second World during the Cold War, often referring to developing countries.
Segregation Practices
Policies or practices promoting the separation of people based on racial or ethnic differences, historically enforced through laws and social norms.
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