Business / Agriculture / Generalized System Of Preferences (GSP): First authorized by the Trade Act of 1974, GSP allows some 140 developing countries to ship more than 3,000 products to the United States duty-free. This helps developing countries to generate foreign exchange needed to purchase import commodities. The United States and 18 other industrialized nations began GSP programs in the mid-1970s to promote the economic growth of developing nations.
System Noun Synonyms: scheme, method, approach, modus operandi, way, procedure, methodology, technique, plan, process, practice, routine
System Adjective Synonyms: organized whole, organization, set, group, combination, structure, arrangement, pattern, set-up
Entertainment / Literature / Periods Of English Literature: The common historical eras scholars use to divide literature into comprehensible sections through periodization. Dividing literature into these sometimes arbitrary periods allows us to better compare MORE
Business / Finance / Period Of Digestion: The time period of often high volatility after a new issue is released when the trading price of the security is established by the market. MORE