We have changed our privacy policy. In addition, we use cookies on our website for various purposes. By continuing on our website, you consent to our use of cookies. You can learn about our practices by reading our privacy policy.


Free trade

Categories: Trading, Econ, Tax, Regulations

Trade in which the government doesn't stick its nose. Adam Smith was a big believer in it.

Basically, it means that the markets decide on trade and prices, not the government. There are no taxes or other incentives out there to affect things.

Find other enlightening terms in Shmoop Finance Genius Bar(f)