Anti-trust laws are legislation enacted to ensure fair competition, prevent monopolies, and restrict practices that restrain trade and commerce.
The concept of comparative advantage explains the efficiency of individuals or groups in particular economic activities compared to others, encouraging specialization and trade for maximum benefit.
The European Union (EU) is a political and economic union of 27 member countries that are located primarily in Europe. It aims to foster economic integration, adopt a common currency (Euro for some of the members), and enhance political and social cooperation.
An economic policy where governments do not restrict imports or exports through tariffs, quotas, or subsidies, allowing unrestricted flow of goods between countries.
A manufacturing operation at the U.S.-Mexican border, usually comprising two plants on either side of the border, designed to capitalize on free trade benefits, low Mexican wages, and U.S. distribution facilities.
The North American Free Trade Agreement (NAFTA) was a trilateral trade agreement between Canada, Mexico, and the United States aimed at reducing trade barriers and promoting economic growth. It was replaced by the United States-Mexico-Canada Agreement (USMCA) in 2020.
The North American Free Trade Agreement (NAFTA) is a trade deal that dramatically impacts trade, investment, and social standards among the United States, Mexico, and Canada by eliminating tariffs and quotas on most goods exchanged among these countries.
