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World Trade Organization
An international organization that regulates international trade and ensures that trade flows as smoothly, predictably, and freely as possible.
Minimal Restrictions
Regulatory or policy conditions that impose the least possible limitations or constraints on actions or operations.
Member Nations
Countries that are part of an international organization or agreement and adhere to its statutes and regulations.
Amartya Sen
An Indian economist and philosopher, awarded the 1998 Nobel Memorial Prize in Economic Sciences for his contributions to welfare economics and social choice theory.
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Q40: To reform a contract is to rescind