voluntary trade

Popular Terms
A term used to describe the foundation of the present economic system. When products and goods are exchanged for other products or services, the result is a trade. Voluntary trade describes a market where buyers and sellers have the right to sell and buy by their own preference or refuse to if they so choose. Voluntary trade also describes a person's freedom to choose to work for compensation versus being forced into labor.

Use 'voluntary trade' in a Sentence

You need to make sure that any time you do a voluntary trade you are getting the best deal that you can.
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The United States is well known for its free market economics, which is important to the structure of the economy because it allows for voluntary trade between individuals and businesses.
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We entered a voluntary trade agreement with the other company and we were glad to be partners with this business again.
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