Economy, asked by shagufta50021, 1 year ago

Explain the advantages and disadvantages of free trade

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Answered by Anonymous
1

Answer:

It drives economic growth, enhanced efficiency, increased innovation, and the greater fairness that accompanies a rules-based system. These benefits increase as overall trade—exports and imports—increases. Free trade increases access to higher-quality, lower-priced goods.

Disadvantages include a lack of economic efficiency and lack of choice for consumers. Countries also have to worry about retaliation from other countries.

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