Why Is It Reasonable to Assume That When Trade Is

question 73

Essay

Why is it reasonable to assume that when trade is voluntary, those involved in the trade will gain?

---

Definitions:

Banking Regulations

Are laws and guidelines established by governments and financial regulatory bodies to ensure stability, fairness, and efficiency in the banking sector.

Corporate Governance

The framework of rules, practices, and processes by which a company is directed and controlled, ensuring accountability, fairness, and transparency in a company's relationship with its stakeholders.

Financial Markets

Platforms where individuals, companies, and governments can trade financial securities, commodities, and other fungible assets.

Financialization

The increasing dominance of financial markets, financial motives, financial institutions, and financial elites in the economy, overshadowing traditional industrial capital.