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kupik [55]
3 years ago
10

Explain the free trade theories

Business
1 answer:
rusak2 [61]3 years ago
5 0

Answer:

Free Trade Definition. Free trade is a largely theoretical policy under which governments impose absolutely no tariffs, taxes, or duties on imports, or quotas on exports. In this sense, free trade is the opposite of protectionism, a defensive trade policy intended to eliminate the possibility of foreign competition

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