Bilateral trade agreements are agreements between countries aimed at promoting trade and commerce.
They remove trade barriers such as tariffs, import quotas and export restrictions to encourage trade and investment.
The main advantage of bilateral trade agreements is the expansion of the market for a country’s goods through concerted negotiations between the two countries.
Bilateral trade agreements can also lead to the closure of small companies that are unable to compete with large multinational corporations.
The Americans with Disabilities Act (ADA) was passed in 1990 to prevent discrimination against people with disabilities in the workplace and in employment.
Autarky refers to a state of self-sufficiency and is commonly used to describe countries or economies that seek to reduce their dependence on international trade.
A Build-Operate-Transfer (BOT) contract is a model used to finance large projects, usually infrastructure projects, developed through a public-private partnership.
Capitalism is an economic system characterized by private ownership of the means of production, especially in the industrial sector, in which labor is paid only according to wages.
The term “discount rate” can refer to either the interest rate the Federal Reserve charges banks for short-term loans or the rate used to discount future cash flows in a discounted cash flow (DCF) analysis.