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 wrist is located distal to the elbow. Meaning the wrist is farther from the point of origin than the elbow. The wrist is located distal to the elbow. Meaning the wrist is farther from the point of origin than the elbow.