Features of Free Trade
Free trade implies the following features:
- Trade of goods without taxes (including tariffs) or other trade barriers (e.g., quotas on imports or subsidies for producers)
- Trade in services without taxes or other trade barriers
- The absence of "trade-distorting" policies (such as taxes, subsidies, regulations, or laws) that give some firms, households, or factors of production an advantage over others
- Free access to markets
- Free access to market information
- Inability of firms to distort markets through government-imposed monopoly or oligopoly power
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Famous quotes containing the words free trade, features of, features, free and/or trade:
“Everyone asks for freedom for himself,
The man free love, the businessman free trade,
The writer and talker free speech and free press.”
—Robert Frost (1874–1963)
“Art is the child of Nature; yes,
Her darling child, in whom we trace
The features of the mother’s face,
Her aspect and her attitude.”
—Henry Wadsworth Longfellow (1807–1882)
“The features of our face are hardly more than gestures which force of habit made permanent. Nature, like the destruction of Pompeii, like the metamorphosis of a nymph into a tree, has arrested us in an accustomed movement.”
—Marcel Proust (1871–1922)
“But that I love the gentle Desdemona,
I would not my unhousèd free condition
Put into circumscription and confine
For the sea’s worth.”
—William Shakespeare (1564–1616)
“And trade is art, and art’s philosophy,
In Paris.”
—Elizabeth Barrett Browning (1806–1861)