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Topics: Business Economics Semester 6 PDF Notes: https://imaduddineducare.com/course/b... Business Economics Lecture: • TYBCOM Business Economics Semester 6 👉TYBCOM Business Economics Sem 5 Notes: https://imaduddineducare.com/course/b... 👉TYBCOM Business Economics Semester 5 important Questions:https://imaduddineducare.com/course/t... TYBCOM Business Economics sem 6 Important Questions: https://imaduddineducare.com/course/t... Connect with Me on - Instagram:- / imaduddin_educare Discuss the arguments in favor of the free trade policy. Discuss the arguments against the free trade policy. FREE TRADE POLICY Free trade policy means no restrictions on the movement of goods and services between countries. In other words, free trade policy means complete freedom of international trade without any kind of restrictions such as tariffs, quotas, exchange controls, etc. According to Prof. Jagdish Bhagwati, "free trade policy is absence of tariffs, quotas, exchange restrictions, taxes and subsidies on production, factor use, and consumption." According to Prof. R.G. Lipsey, " a world of free trade would be one with no tariffs and no restrictions of any kind on importing and exporting." #tybcomsem6 #businesseconomics #tybcombusinesseconomics #freetradepolicy