Examlex
What is the business cycle? How "cyclical" is it? What causes the business cycle?
Deep Integration
involves extensive coordination and harmonization of economic, social, and political policies between countries or organizations to achieve closer union.
Globalization
The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence among nations.
De Facto
Term describing practices or conditions that exist in reality, even if not legally recognized or formalized.
Authoritarian
A governing or leadership style characterized by strong central power and limited political freedoms, often involving obedience to authority without much personal freedom.
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