the ability of a party to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources.
send (goods or services) to another country for sale
grant a license to permit the use of something or to allow an activity to take place
a commercial enterprise undertaken jointly by two or more parties that otherwise retain their distinct identities.
an investment made by a foreign person or organization in a particular country, or the total value of this type of investment.
is a manufacturer that contracts with a firm for components or products.
Abbreviation for North American Free Trade Agreement
a free trade agreement (legally a treaty under international law, but not under U.S. law).
a tax or duty to be paid on a particular class of imports or exports.
an official ban on trade or other commercial activity with a particular country
the difference in value between a country's imports and exports.
the amount by which the cost of a country's imports exceeds the value of its exports.
the value of one currency for the purpose of conversion to another.
obtain (goods or a service) from an outside or foreign supplier, especially in place of an internal source.
bring (goods or services) into a country from abroad for sale.
an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities.
a limited or fixed number or amount of people or things.
exchange (goods or services) for other goods or services without using money.
the amount by which the value of a country's exports exceeds the cost of its imports
a group of countries imposing few or no duties on trade with one another and a common tariff on trade with other countries.
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