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/treɪd/
noun/verb
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The exchange of goods and services or the commercial buying and selling process.
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International trade fosters economic growth.
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commerce, exchange, business
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isolation, self-sufficiency, autarky
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/ˌmæk.roʊ.iː.kəˈnɒm.ɪk/
adjective
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Related to the overall economic matters of a country including national economy, economic trends, and large-scale financial systems.
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Government policies impact macroeconomic stability.
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national economy, economic trends, large-scale financial system
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microeconomic, individual finance, localized economy
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/ˌbaɪˈlæt.ər.əl/
adjective
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An agreement or relationship between two parties that is mutual, two-sided, or reciprocal.
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The two countries signed a bilateral trade agreement.
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mutual, two-sided, reciprocal
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unilateral, one-sided, independent
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/ˌkæp.ɪ.təl.aɪˈzeɪ.ʃən/
noun
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The total value of a business's assets or investments, including investment, financing, and asset allocation.
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The company's capitalization reached $1 billion in market value.
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investment, financing, asset allocation
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underfunding, bankruptcy, insolvency
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/prəˈtɛk.ʃəˌnɪz.əm/
noun
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A trade policy that restricts imports to safeguard domestic industries through trade restriction, economic nationalism, or isolationism.
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The government imposed protectionism to safeguard local businesses.
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trade restriction, economic nationalism, isolationism
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free trade, globalization, open markets
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/ˈtær.ɪf/
noun
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A tax imposed by the government on imported or exported goods, also known as duty, customs tax, or levy.
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The new tariff increased the cost of imported goods.
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free trade, duty-free, exemption
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/ɪmˈbɑː.ɡoʊ/
noun
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A trade ban, restriction, or prohibition imposed by a government or international organization on a country.
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The UN imposed an embargo on arms exports.
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trade ban, restriction, prohibition
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trade agreement, free trade, open market
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/rɪˈtæl.i.ə.tɔːr.i/
adjective
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Taking action in response to another's action, characterized as punitive, revengeful, or counteractive.
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The country imposed retaliatory tariffs in response to trade sanctions.
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punitive, revengeful, counteractive
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conciliatory, forgiving, passive
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/dɪˈspær.ə.ti/
noun
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Inequality, difference, or imbalance between two or more things.
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The disparity in income between rich and poor is increasing.
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inequality, difference, imbalance
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equality, similarity, parity
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/ˌdiː.rɛɡ.jʊˈleɪ.ʃən/
noun
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The removal or reduction of government regulations and controls, often involving liberalization, free market policies, or privatization.
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The deregulation of industries boosted economic growth.
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liberalization, free market, privatization
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regulation, control, restriction
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/ˌlɛ.seɪˈfɛər/
noun
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A free-market policy of minimal government intervention in economic affairs, characterized by non-interventionism and capitalism.
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The country adopted a laissez-faire approach to economic policies.
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free-market policy, non-interventionism, capitalism
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interventionism, regulation, protectionism
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/daɪˌvɜː.sɪ.fɪˈkeɪ.ʃən/
noun
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The process of expanding into different areas or markets to reduce risk, involving expansion, variety, and differentiation.
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The company's diversification into new markets increased its revenue.
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expansion, variety, differentiation
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specialization, uniformity, concentration
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/ˌsʌb.sɪ.dɪˈzeɪ.ʃən/
noun
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Financial assistance provided by government or organizations, also known as financial aid, grant, or sponsorship.
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The government provided subsidization to support farmers.
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financial aid, grant, sponsorship
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taxation, financial withdrawal, self-sufficiency
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/ɪkˌsprəʊ.priˈeɪ.ʃən/
noun
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The act of government taking private property, also known as confiscation, nationalization, or seizure.
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The land expropriation led to disputes among landowners.
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confiscation, nationalization, seizure
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privatization, ownership, reimbursement
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/ˌiː.kwɪˈlɪb.ri.əm/
noun
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A state of balance, stability, and steadiness between supply and demand or different forces.
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The market reached equilibrium between supply and demand.
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balance, stability, steadiness
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imbalance, instability, disproportion
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/ɪnˈfleɪ.ʃən.ər.i/
adjective
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Related to rising prices and decreasing purchasing power of money, characterized as price-rising, cost-increasing, or expansionary.
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The country faced an inflationary crisis due to excessive money printing.
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price-rising, cost-increasing, expansionary
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deflationary, price-reducing, contractionary
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/ˌmɒn.ɪ.taɪˈzeɪ.ʃən/
noun
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The process of converting assets or services into money, involving commercialization, profit generation, and revenue creation.
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The monetization of digital content has created new income streams.
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commercialization, profit generation, revenue creation
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devaluation, financial loss, depreciation
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