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'''Free trade''' is often a [[Liberal euphemisms|misleading term]] for managed trade between nations without [[tariffs]], [https://freeenterprisecenter.net/free-trade quotas] or [https://freeenterprisecenter.net/free-trade subsidies] applying to the goods exchanged. Early late 1700s/1800s proponents of free trade were the British economists [[Adam Smith]] and [[David Ricardo]] who developed the term in its modern form. Smith and Ricardo argued that some countries have specializations which give them a comparative advantage.  

'''Free trade''' is often a [[Liberal euphemisms|misleading term]] for managed trade between nations without [[tariffs]], [https://freeenterprisecenter.net/free-trade quotas] or [https://freeenterprisecenter.net/free-trade subsidies] applying to the goods exchanged. Early late 1700s/1800s proponents of free trade were the British economists [[Adam Smith]] and [[David Ricardo]] who developed the term in its modern form. Smith and Ricardo argued that some countries have specializations which give them a comparative advantage.