Economic Welfare—Why Trade Is Good: Part 1

Geraint Johnes ()
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Geraint Johnes: Lancaster University Management School

Chapter Chapter 4 in Economics for Lovers of Literature, 2023, pp 17-19 from Springer

Abstract: Abstract Beginning with a quote from Mary Hallock Foote, this chapter further examines how trade in a competitive setting enhances efficiency and, under appropriate conditions, results in the best outcome for economic welfare.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-26486-3_4

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DOI: 10.1007/978-3-031-26486-3_4

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