markitect-main/examples/infospace-with-history/output/entities/free-trade.md

Free Trade

Definition

The unrestricted exchange of goods and services across borders without government-imposed tariffs, quotas, or other barriers to commerce.

Source Chapter

Book IV, Chapter 5

Context

Smith advocates for free trade as the natural state that best serves the public interest, arguing that restrictions like bounties and prohibitions only create artificial inefficiencies and higher prices.

Economic Domain

Exchange

---