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What is the opposite of free trade?
What is the opposite of a free market economy?
What does free trade mean?
What is the difference between free trade and protectionism?
What is free trade policy?
What is the difference between free trade and economic nationalism?
Dec 5, 2018 · Free trade is the unrestricted importing and exporting of goods and services between countries. The opposite of free trade is protectionism—a highly-restrictive trade policy intended to eliminate competition from other countries.
- Robert Longley
Need antonyms for free trade? Here's a list of opposite words from our thesaurus that you can use instead. Noun. Opposite of international trade without government interference. protectionism. tariff barriers. trade barriers. import barriers. isolationism.
Nov 28, 2016 · Arguments against free trade. Many economists support free trade. However, in some circumstances, there are arguments in favour of trade restrictions. These include when developing economies need to develop infant industries and develop their economy.
In government, free trade is predominantly advocated by political parties that hold economically liberal positions, while economic nationalist and left-wing political parties generally support protectionism, [1] [2] [3] [4] the opposite of free trade.
Dec 9, 2023 · The opposite of a free market economy is a planned, controlled, or command economy. The government controls the means of production and the distribution of wealth, dictating the prices...
- Steven Nickolas
Free trade and protectionism are two contrasting approaches to international trade. Free trade promotes the unrestricted flow of goods and services across borders, with minimal barriers such as tariffs and quotas.
Aug 21, 2024 · Free trade, often known as laissez-faire, is a kind of economic policy in which a nation's government doesn't penalize imports or intervene with exports by laying taxes (on imports) or subsidies. The concept of free trade is held in high esteem while also drawing strong opposition.
