See Also: Free to trade(money)
free trade(dictionary)
Free to trade(finance)
Free Trade(money)
Free trade(finance)
free trade(encyclopedia)
Free Trade Area(money)
free-trade zone(encyclopedia)
Free Trade Agreement(money)
Free Trade Zone(money)

wry(4) (iou) and free trade (sh)


wry(4) (iou)



wry verb2 trans. Long obsolete exc. dial.
[Old English wreon, wrion = Northern Frisian wreye, from Germanic.]
a. Lay, place, or spread a cover over (something); cover up or over. OE-E19.
b. spec. Cover or rake up (a fire) so as to keep it alive. LME.
Clothe with a garment or armour. OE-LME.
b. Put trappings or armour on, harness, (a horse). Only in ME.
Conceal, hide, keep secret. OE-L15.
Serve as a covering to (a person or thing); be spread over. OE-M17.
Cover or stretch over (an expanse of ground). Only in ME.

free trade (sh)




Policy in which a government does not discriminate against imports or interfere with exports.

A free-trade policy does not necessarily imply that the government abandons all control and taxation of imports and exports, but rather that it refrains from actions specifically designed to hinder international trade, such as tariff barriers, currency restrictions, and import quotas. The theoretical case for free trade is based on Adam Smith's argument that the division of labour among countries leads to specialization, greater Efficiency, and higher aggregate production. The way to foster such a division of labour, Smith believed, is to allow nations to make and sell whatever products can compete successfully in an international market.