What are the features of Free Trade?

      

Highlight the features of Free Trade.

  

Answers


Maurice
(i) Free access to markets.

(ii) Free access to market information

(iii) Inability of firms to distort markets through government imposed monopoly or oligopoly power.

(iv)Trade of goods without taxes (including tariffs) or other trade barriers (for example, quotas on
imports or subsidies for producers)

(v) Trade in services without taxes or other trade barriers.

(vi) 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
maurice.mutuku answered the question on April 24, 2019 at 06:55


Next: What is Protectionism?
Previous: Explain how you can determine the velocity ratio of the following; a) Single fixed pulley b) Single moveable pulley c) A block and tackle

View More Development Studies Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions