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Free Trade
refers to the absence of tariffs, quotas, and other governmental barriers to international trade, allowing goods and services to move freely across borders.
Domestic Consumption
Refers to the total amount of goods and services consumed within a country.
Domestic Price
The price of goods within a country's borders, contrasting with the price of goods in international markets.
Free Trade
An economic policy of not discriminating against imports from and exports to foreign jurisdictions, allowing goods and services to move freely across borders.
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