An intricate and pivotal round of multilateral trade negotiations conducted under the General Agreement on Tariffs and Trade (GATT) framework that laid the groundwork for contemporary global trade practices.
An explanation of the economic principle of diminishing marginal product, where the addition of successive extra units of an input yields smaller increases in output.
A legislative act of the European Union that requires member states to achieve a specified outcome but which does not dictate the method of achieving the outcome.