Question

define one way free trade

Answer 1

A parable of one-way free trade. Tradepolicy is the Third Rail of Economics, because economists tell ourselves thatfree trade is the one thing all reasonable economists can agree on. ... The basic idea behind free trade is the idea behind allfree-market policies: Trade is voluntary.

Answer 2

Matter became worse for the India crafstem when the British government introduce the one way free trade. Every country charge a tax or duty when goods are imported. The British abolished the duty on goods entering India. The British goods this became cheaper and thus reuined the domestic market for Indian goods. At the same time the Indian goods going into Britain were taxed heavily making them more expensive. Consequently even the foregin market for India goods was leadly affected