Mutually beneficial trade is also called

Question

Quizplus · Accepted Answer

Mutually beneficial trade is trade that is agreed upon by both parties as being beneficial to each of them. It is voluntary trade, as both parties are choosing to engage in the trade because they believe it will benefit them. A zero-sum game is a situation where one person's gain is another person's loss, which does not apply to mutually beneficial trade. Self-sufficiency refers to a country's ability to provide for all of its own needs without trade, which is not a relevant answer to this question. International subsidization and involuntary trade do not accurately describe mutually beneficial trade, as both imply external forces or coercion.

Mutually Beneficial Trade Is Also Called