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What are the features of Free Trade?

Highlight the features of Free Trade.

Answers

(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

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