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Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
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the removal or loosening of restrictions on something, typically an economic or political system.
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The Sixteenth Amendment (Amendment XVI) to the United States Constitution allows Congress to levy an income tax without apportioning it among the states on the basis of population.
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the transfer of a business, industry, or service from public to private ownership and control.
