Frictionless trade: Difference between revisions
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imported>Doug Williamson (Update 2nd definition.) |
imported>Doug Williamson (Add link.) |
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* [[International trade]] | * [[International trade]] | ||
* [[Make UK]] | * [[Make UK]] | ||
* [[Real-time]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Latest revision as of 00:03, 12 March 2023
1.
Strictly, frictionless trade is the theoretically complete absence of all costs, delay or restrictions on market activity.
2. International trade - European Union - Brexit.
More loosely, frictionless international trade is generally understood to mean the absence of border checks.
The degree of friction can be roughly measured by the length of time it takes consignments of physical goods to cross the border.
