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free trade
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Free Trade
Economic system where governments do not interfere in the movement of goods between countries; there are thus no taxes on imports. In the modern economy, free trade tends to hold within economic groups such as the European Union (EU), but not generally, despite such treaties as the General Agreement on Tariffs and Trade (GATT) of 1948 and subsequent agreements to reduce tariffs. The opposite of free trade is protectionism.
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European Free Trade Association
European Union
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balance of payments
bank
Bank of England
building society
capitalism
command economy
council tax
credit (economics)
debt
economic activity
electronic commerce
enterprise zone
euro
European Free Trade Association
European Union
finance, sources of
financial institution
free enterprise
free trade
gross domestic product
gross national product
hire purchase
inflation (economics)
International Monetary Fund
loan
manufacturing industry
monetarism
mortgage
national debt
National Economic Development Council
nationalism (politics)
overdraft
pension
private enterprise
private finance initiative
private sector
privatization
public sector
public spending
service industry
single European currency
student finance
taxation
unemployment
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