free trade

• Política económica o sistema en el que los bienes y servicios pueden comprarse y venderse a través de las fronteras internacionales con mínimas restricciones gubernamentales, como aranceles, cuotas o subsidios.

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.

   libre comercio

   • 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.

   libre comercio

   • 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.