Vocab Bloom Hub

free trade

/ˈfriː treɪd/

1 entry

Word connections

phrase

/ˈfriː treɪd/B2formalbusiness
  • ruЭкономическая политика или система, при которой товары и услуги могут покупаться и продаваться через международные границы с минимальными государственными ограничениями, такими как тарифы, квоты или субсидии.

An economic policy or system where goods and services can be bought and sold across international borders with little or no government restrictions such as tariffs, quotas, or subsidies.

  1. International trade policyB2formal

    A policy where goods and services can be traded between countries without tariffs, quotas, or other restrictions.

    ruСвободная торговля

    • The two countries signed a free trade agreement to boost their economies.
    • Free trade often leads to lower prices for consumers.
    • Critics argue that free trade can harm local industries.
  2. Economic ideologyC1formal

    An economic concept advocating minimal government intervention in trade, allowing market forces to determine prices and flows.

    ruСвободная торговля

    • The politician's platform was built on the principles of free trade.
    • Free trade is a cornerstone of classical economic theory.
    • Debates about free trade often focus on its impact on employment.
Vocab Bloom Hub English dataset · 0.3.1

Inherited terms

Vocabulary data from the Vocab Bloom Hub English dataset (CC BY 4.0), https://huggingface.co/datasets/Fristail27/vocab-bloom-hub-en

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