gains from trade

Definition

The net benefits that countries experience as a result of lowering import tariffs and otherwise liberalizing trade.

Use gains from trade in a sentence

You may want to try and figure out if there are any additional gains from trade that you may be able to acquire.

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I wondered if there would be any gains from trade and if there wasn't going to be, then I would have some concerns.

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The government lowered import tariffs because they wanted to promote more trade, and in turn received gains from trade that far surpassed their expectations.

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