“Trade”

Thoughts on a Free Market Economy…
“Trade”
By Phyllis Hunsinger
October 1, 2018

Trade is defined as the voluntary exchange of goods and services. People engaging in trade must be willing to bear a cost, which is to give up something. People will only participate voluntarily when they expect to gain or benefit from the exchange. People are free to trade only if they own the property or the property rights they want to trade.

The concepts identified in the first paragraph are those being taught by the FREE Foundation …

Read More »