Examlex
Contrast the structured and object-oriented approaches to conceptual systems design. Which is more common?
Foreign Competition
The competition that domestic companies face from companies located in other countries.
Dumping
The act of selling a product in a foreign market at a price below its cost of production or below the price in the home market, often considered unfair trade.
Commodity
A fundamental product utilized in trade that can be exchanged for others of its kind.
Tariffs and Quotas
Government-imposed trade restrictions; tariffs are taxes on imported goods, while quotas are limits on the quantity of goods that can be imported.
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