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
A break or crack in one or more bones in the wrist. The wrist is the joint between the forearm and the ... more 1  Â». Wrist fracture: A condition that is characterised by the fracture of one of the bones that comprise the wrist.