Examlex
explain why human resource management (HRM) is important to organizational success.
Free Trade
A policy by which governments do not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports) or quotas.
Domestic Producers
Local manufacturers or producers who create goods and services within a country's borders, contributing to the domestic economy.
Foreign Producers
Companies or individuals that produce goods or services in a country other than the one where the goods or services are consumed.
Tariff Revenue
The income generated by the government from taxing imports.
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