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Line 1: − [[Image:Sigentha.jpg|right|thumb|200px|[[Adam Smith]] ]]
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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 authors who discussed free trade were the British economists [[Adam Smith]] and [[David Ricardo]] who developed the term. 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 authors who discussed free trade were the British economists [[Adam Smith]] and [[David Ricardo]] who developed the term. Smith and Ricardo argued that some countries have specializations which give them a comparative advantage.