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Free Trade/自由貿(mào)易

時(shí)間:2023-05-04 18:51:56 商務(wù)英語 我要投稿
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Free Trade/自由貿(mào)易

Free trade occurs when goods and services can be bought and sold between countries or sub-national regions without tariffs, quotas or other restrictions being applied. On the whole, nations or regions benefit from free trade, since firms are permitted to specialize in producing goods and services for which they have a comparative advantage. Productivity and standards of living are generally higher under conditions of free trade.