Frictionless trade: Difference between revisions
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imported>Doug Williamson (Create page. Sources: linked pages.) |
imported>Doug Williamson (Expand 2nd definition.) |
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More loosely, frictionless international trade is generally understood to mean the absence of border checks. | More loosely, frictionless international trade is generally understood to mean the absence of border checks. | ||
The degree of friction often being crudely measured by the length of time it takes consignments of physical goods to cross the border. | |||
Revision as of 11:45, 21 June 2020
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 often being crudely measured by the length of time it takes consignments of physical goods to cross the border.
