answersLogoWhite

0

Who benefits from voluntary trade?

Updated: 9/16/2023
User Avatar

Wiki User

9y ago

Best Answer

Voluntary trade describes a market where buyers and sellers have the right to sell and buy by their own preference or refuse to if they so choose. Both buyers and sellers benefit from this type of trade.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Who benefits from voluntary trade?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What does voluntary trade mean?

voluntary trade probably mean means to volunteer trade.


What is the advantage of having voluntary muscles?

One advantage to having voluntary muscle control is that it is voluntary - we are able to control movement which has many benefits.


How does specialization led to voluntary trade?

civilizations


In a market economy what is true about trade?

voluntary


What is the definition of voluntary trade?

Voluntary trade describes a market where buyers and sellers have the right to sell and buy by their own preference or refuse to if they so choose. Voluntary trade also describes a person's freedom to choose to work for compensation versus being forced into labor.


In a market economy what is true about all trade?

voluntary


What is voluntary trade?

Voluntary muscles are what you have control over. Like your skeletal muscle are usually voluntary. Involuntary muscles are what you have no control of. Like your smooth and cardiac muscles you have no control of. The difference between voluntary and involuntary muscles are voluntary muscles you have control of and involuntary you have no control of. Hope this answered your question.


What are the benefits of trade within the commodity?

There are three main benefits of trade within the commodity. The benefits are volatility offers potential for quick profits, can either buy or sell, and can trade with a small amount of capital.


What benefits did increased trade bring to New Mexico?

what benefits did increased trade bring to new mexico in the year 1855


How does voluntary trade benefit The buyers and sellers in Australia?

I don't know and I don't care!


What are some Benefits of trade?

There are a great many benefits of international trade. International trade ensures that people from around the world get what they need even when their country cannot produce it.


How does voluntary trade promote economic progress?

It encourages specialization and usually means more profit