Free Trade
International trade without barriers (tariffs, quotas, restrictions).
Real World
The EU single market allows French wine to be sold in Germany with zero tariffs, but the UK's post-Brexit trade arrangements reintroduced some barriers, raising costs for exporters on both sides.
Exam Focus
Always contextualise free trade answers — who benefits (consumers, exporters) and who loses (domestic producers) must both appear for evaluation marks.
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