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In stage III of the demographic transition,
Net Exports
The difference between a country's total value of exports and its total value of imports. If exports exceed imports, net exports are positive; if imports exceed exports, net exports are negative.
Fundamental Principle
A basic idea, concept, or rule that serves as the foundation for a system of belief or behavior or for a chain of reasoning.
International Trade
International trade entails the exchange of goods and services between countries, contributing to the global economy through imports and exports.
Opportunity Costs
Missing out on possible rewards from different opportunities when selecting a specific option.
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