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Managed trade refers to a system where a government regulates and controls trade flows between countries to achieve specific economic objectives, such as protecting domestic industries or managing trade balances. This can involve tariffs, quotas, and other trade barriers, as well as negotiations and agreements between nations to influence trade outcomes. By managing trade, governments aim to mitigate the impacts of market fluctuations and maintain economic stability. However, it can lead to tensions in international relations and may conflict with free trade principles.

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2mo ago

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