Voluntary trade

Voluntary trade,

Definition of Voluntary trade:

  1. A term used to describe the foundation of the present economic system. When products and goods are exchanged for other products or services, the result is a trade. Voluntary trade describes a market where buyers and sellers have the right to sell and buy by their own preference or refuse to if they so choose. Voluntary trade also describes a persons freedom to choose to work for compensation versus being forced into labor.

How to use Voluntary trade in a sentence?

  1. You need to make sure that any time you do a voluntary trade you are getting the best deal that you can.
  2. The United States is well known for its free market economics, which is important to the structure of the economy because it allows for voluntary trade between individuals and businesses.
  3. We entered a voluntary trade agreement with the other company and we were glad to be partners with this business again.

Meaning of Voluntary trade & Voluntary trade Definition