Examlex
Monopolistic competition is caused by customer preferences, not business manipulation of markets.
C + I + G
An economic formula representing the total aggregate demand in an economy, comprising Consumption (C), Investment (I), and Government spending (G).
Free Trade Zone
A specific region within a country where goods may be imported, handled, manufactured, and re-exported without direct intervention from customs authorities.
Trade Surplus
Trade surplus occurs when a country exports more goods and services than it imports.
WTO Meeting
A gathering organized by the World Trade Organization aimed at discussing and negotiating matters related to international trade between its member countries.
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