The Economic principle I'm exploring is people gain when they trade voluntarily
My research question to help me study the economic principle is "How does free trade help Americans
The article published on Investopedia titled Free trade demonstrates this principle by showing the overall economic impact free trade has
First the article explains how "economies can experience faster growth rates." By having free trade it allows countries and businesses in foreign countries to focus on creating specialized products. This results in increased economic impacts for both countries.
Secondly discussing the economic growth. The article talks about how "free trade reduces imported-input costs, thus reducing businesses' production costs and promoting economic growth." This allows businesses to create products at the most efficient price.
Lastly free trade allows for economies in different countries to have a fair chance to succeed. When everyone follows the same thing there is no corrupt systems and wrongful loopholes put in place. This allows for fair competition in all countries.
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