unrestricted trade JUST WRITTEN FOR YOU
/ʌnˈrɛstrɪktɪd treɪd/ · un.re.stric.ted.trade
noun
- The exchange of goods or services without government restrictions or tariffs. The country's economy flourished due to the unrestricted trade agreements with neighboring nations.
- A market or system where buyers and sellers can engage in transactions without regulatory interference. The company's success was largely due to its ability to operate in an unrestricted trade environment.
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Did you know? The concept of unrestricted trade has been a cornerstone of economic theory since Adam Smith's 'The Wealth of Nations' in 1776, where he advocated for the benefits of free trade in promoting economic growth and prosperity.