Written By: Free trade, also called laissez-faire, a policy by which a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports). A free-trade policy does not necessarily imply, however, that a country abandons all control and taxation of imports and exports. 1  The theoretical case for free trade is based on Adam Smithâs argument that the division of labour among countries leads to specialization, greater efficiency, and higher aggregate production.
Definition of wrist 1: the joint or the region of the joint between the human hand and the arm or a corresponding part on a lower animal 2: the part of a garment or glove covering the wrist
The hand is distal to the forearm, and its skeletal framework includes the carpus, or wrist. In lay usage, however, the word wrist is used for the distal end of the forearm, a wrist-watch being worn over the lower ends of the radius and ulna.and. The hand is distal to the forearm, and its skeletal framework includes the carpus, or wrist. In lay usage, however, the word wrist is used for the distal end of the forearm, a wrist-watch being worn over the lower ends of the radius and ulna. The position of the hand at rest is shown in figure 11-1.