free trade wikipedia - EAS
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Free trade is a trade policy that does not restrict imports or exports. It can also be understood as the free market idea applied to international trade. In government, free trade is predominantly advocated by political parties that hold economically liberal positions, while economic nationalist and left-wing political … See more
Free trade policies may promote the following features:
• Trade of goods without taxes (including tariffs) or other trade barriers (e.g. quotas on imports or subsidies for producers).
• Trade in services … See moreEconomist opinions
The literature analysing the economics of free trade is rich. Economists have done extensive work on the theoretical and empirical effects of free trade. Although it creates winners and losers, the broad consensus among … See moreAcademics, governments and interest groups debate the relative costs, benefits and beneficiaries of free trade.
Arguments for protectionism fall into the economic category … See moreThe value of free trade was first observed and documented in 1776 by Adam Smith in The Wealth of Nations, writing:
It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy. [...] If a foreign … See moreEconomic models
Two simple ways to understand the proposed benefits of free trade are through David Ricardo's … See moreEarly era
The notion of a free trade system encompassing multiple sovereign states originated in a … See moreThe following alternatives to free trade have been proposed: protectionism, imperialism, balanced trade, fair trade, and industrial policy. See more
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Free trade - Wikipedia
Free trade - Wikipedia
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