Economics

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Anything that slows down or prevents one country from exchanging goods with another

Creating products that a country does best at and are in demand

When both parties in the transaction see that they will be able to gain something in the exchange

Means something that has been passed down in a culture form

Trading goods for other goods

Goods brought into one country from another country

French phrase that means to allow them to do as they please

Located on a continuum between pure market and a Command market economy