Examlex
Find the exact value of the expression.
Free Trade
An economic policy that allows imports and exports between countries with minimal or no tariff barriers.
Competition
The rivalry among businesses to attract customers, which can lead to improvements in products, services, and prices.
Efficiency
The optimal allocation of resources to maximize the production of goods and services.
Quota
A government-imposed trade restriction that limits the quantity or monetary value of goods that can be imported or exported during a specific time period.
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