define the term free trade
Answers
Free trade, also called laissez-faire, a policy by which a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports).
define the term free trade
Free trade, also called laissez-faire, a policy by which a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports).
Basically it is a policy bought by the government which doesn't do a wrong act or insult the imports or intervene in the exports done by adding tariff for the imports or subsidies (A subsidy is a direct or indirect payment to individuals or firms, usually in the form of a cash payment from the government or a targeted tax cut.) for the exports.