Answer and Explanation:
1. If the term "trade" is interpreted strictly, the concept of free trade will be undermined. This is because the literal interpretation will give the State the power to completely control and manage trade, which interferes with the concepts of economic liberalism which states that the State should not meddle in commercial matters beyond the protection of property.
2. As a consequence of this strict interpretation there would be consequences in the relations between large and small companies, since the State could interfere in the way they are established and how they compete with each other.
The empire state building.
Answer:
The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. The five Founding Members were later joined by: Qatar (1961) – terminated its membership in January 2019; Indonesia (1962) – suspended its membership in January 2009, reactivated it in January 2016, but decided to suspend it again in November 2016;
Explanation: he Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. The five Founding Members were later joined by: Qatar (1961) – terminated its membership in January 2019; Indonesia (1962) – suspended its membership in January 2009, reactivated it in January 2016, but decided to suspend it again in November 2016;
