voluntary exchange

  

Definition

The free exchange of goods and services between buyers and seller in some sort of marketplace.

Use voluntary exchange in a sentence

  • The voluntary exchange between the car salesman and his prospect seemed fair, as he offered him additional coverage on his warranty.

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  • You should look to get the most out of any voluntary exchange and try to find sellers that offer the best rates.

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  • I was happy that I was in a voluntary exchange market because it worked better for my budget and that made me safer.

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