Question

Explain the meaning of the term “one way free trade"? (SHORT ANSWER)

Answer 1

The basic idea behind free trade is the idea behind all free-market policies: Trade is voluntary. If private parties did not benefit from a trade, they would simply not engage in it. Using the government to prevent voluntary exchange is stopping people from doing things they want to do, and this is always bad.

Answer 2

Answer:

After 1813 the EEIC imposed a one - way - free trade policy meant that Indian cloth was subject to heavy duties in England while British goods themselves were sold at extremely cheap prices in the Indian market.

Explanation:

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