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Simple English definitions for legal terms

free trade

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A quick definition of free trade:

Free trade means that countries can buy and sell things with each other without any rules or restrictions from their governments. This includes things like no taxes or barriers on goods and services, and everyone can access markets and information equally. The North American Free Trade Agreement (NAFTA) and the World Trade Organization (WTO) are examples of agreements that try to make free trade a reality. The opposite of free trade is called protectionism, which means that countries try to protect their own businesses by making it harder for other countries to sell things in their markets.

A more thorough explanation:

Definition: Free trade is a policy that promotes international trade without any restrictions from governments. This means that goods and services can be traded without taxes or barriers, and there is no limit to access to markets and market information. The goal of free trade is to increase economic growth and create more opportunities for businesses and consumers.

Examples: The North American Free Trade Agreement (NAFTA) and the World Trade Organization (WTO) are two examples of treaties that promote free trade. NAFTA is an agreement between the United States, Canada, and Mexico that eliminates tariffs and other trade barriers between the three countries. The WTO is an international organization that sets rules for global trade and resolves disputes between member countries.

Explanation: Free trade allows businesses to expand their markets and reach more customers around the world. By removing barriers to trade, businesses can import and export goods and services more easily, which can lead to lower prices for consumers and increased competition. The examples of NAFTA and the WTO show how countries can work together to promote free trade and create a more open and interconnected global economy.

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[] c0bra1
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safety
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movie recs?
starfishies
21:45
rankings out woo
eggan
22:06
NYU solos columbia any day
Washu, TX, Vandy all move up and did well at 14
I am shocked that NW drops to 10 and NYU moves up to 8
[] c0bra1
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[] c0bra1
23:08
"rankings don't matter" i chant as i reorder my preference list
23:22
are the rankings on US News&World Report accurate?
YM-Honor-Student
23:24
No those are incorrect
YM-Honor-Student
23:24
Kansas is t14 and Cornell is rank 50
YM-Honor-Student
23:25
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YM-Honor-Student
23:26
The rankings literally did not change in my opinion. Smh. Going by like job outcomes and constitutional law, stayed the same.
23:28
@YM-Honor-Student: thank you!
YM-Honor-Student
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YM-Honor-Student
23:33
UFlorida should be higher for winning march madness lol.
Napo
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Oof ASU dropped hard
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