Free trade

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Free trade

  1. 1. FREE TRADEName: Ajeet Kumar PandeyAccording 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 asa system of trade policy that allows traders to act and or transact withoutinterference from government. According to the law of comparativeadvantage the policy permits trading partners mutual gains from trade ofgoods and services. As according to the activity we can say that free tradeis a agreement made between two or more countries in which they create amutual understanding, loyalty and trust among one another to develop theirnation, but in the case of class when we are in the first stage the forthgroup expecting that all group will take a lenient decision and will take B asa option but they fail, because every group selected option A to earn moreand more points with less risk. After that they conducted a meeting in whichthey decided to motivate and will try to increase the economy of group forthbut as all are not following the pattern and as a result everybody didnt getwhatever they could get.By this we can say that if they trust and maintain their loyalty theneverybody can get enough development compare to present. But everycountry cannot do the same without considering his citizen intoconsideration and also every country want to develop as fast they canwhether it worse off others development. As the activity gives a completepicture of the scenario that is happening in the current world or in otherword we can say that it is the brief description of what is happening in thepracticality of free trade.Free trade provides a scope for the development of any country if and onlyif it will use in proper manner with trust and loyalty.Thanking you

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