1. FREE TRADE
Name: Ajeet Kumar Pandey
According to the activity conducted in the class in context with free trade,
we found a very different result. As we all know that free trade is defined as
a system of trade policy that allows traders to act and or transact without
interference from government. According to the law of comparative
advantage the policy permits trading partners mutual gains from trade of
goods and services. As according to the activity we can say that free trade
is a agreement made between two or more countries in which they create a
mutual understanding, loyalty and trust among one another to develop their
nation, but in the case of class when we are in the first stage the forth
group expecting that all group will take a lenient decision and will take B as
a option but they fail, because every group selected option A to earn more
and more points with less risk. After that they conducted a meeting in which
they decided to motivate and will try to increase the economy of group forth
but as all are not following the pattern and as a result everybody didn't get
whatever they could get.
By this we can say that if they trust and maintain their loyalty then
everybody can get enough development compare to present. But every
country cannot do the same without considering his citizen into
consideration and also every country want to develop as fast they can
whether it worse off others development. As the activity gives a complete
picture of the scenario that is happening in the current world or in other
word we can say that it is the brief description of what is happening in the
practicality of free trade.
Free trade provides a scope for the development of any country if and only
if it will use in proper manner with trust and loyalty.
Thanking you