Examlex
checking how accurately you have understood what the speaker said and meant.
Trade Deficit
An economic circumstance where the amount a country spends on importing goods and services exceeds the amount it earns from exporting them.
Globalization
The process of interaction and integration among people, companies, and governments worldwide, resulting in increased interconnectedness and interdependence.
Subsidies
Financial support provided by the government to individuals, businesses, or institutions to encourage certain activities or reduce the cost of products.
GDP
Gross Domestic Product, a measure of the economic performance of a country, calculated by adding the total value of all goods and services produced within its borders over a specific time period.
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