Voluntary Exchange

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Voluntary Exchange

An agreement between two free individuals and/or organizations to buy, sell or trade a good or service. A voluntary exchange contrasts with an exchange that is mandated, for example, by a government. Voluntary exchanges are the basis of a free market economy.
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Market prices (including wages) emerge from voluntary exchanges of labor and privately owned goods and resources that communicate constantly changing information on the value consumers place on additional units of many thousands of products and the costs of producing additional units of each.
Hani Khoja, Marketing Expert & Founder of Elixir Marketing Consultancy argues that the context of marketing is in the analysis, planning, implementation, and control of a charitable non-profit's programs, which have been carefully designed to bring about voluntary exchanges of values with target markets for the purpose of achieving organizational objectives.
Great danger inheres in any government decision to restrict the terms of future voluntary exchanges, for CEOs, commercial creditors and everyone else.
In addition, much of the information critical to making better economic decisions is not "out there"--it simply does not exist without voluntary exchanges and is being systematically destroyed by government restrictions on those exchanges.
The exchange offers may be consummated as voluntary exchanges or through any other legal means available to the Company and Iusacell Celular, under applicable insolvency and business reorganization laws.
Money not only sets us apart from the animal kingdom but, as a tool for our use, it makes voluntary exchanges "more fair, less wasteful, and far more extensive" (49).
In public debate, they should be less negative and spend more time pointing out the ways in which a culture can survive and thrive by relying on spontaneous orders and voluntary exchanges that make all the world richer, cleaner, safer, and saner.
There is enhanced value to society from voluntary exchanges of goods and services.
the analysis, planning, implementation, and control of carefully formulated programs designed to bring about voluntary exchanges of values with target markets for the purpose of achieving organizational objectives.
This, in turn, creates a role for an entrant when such heterogeneous prices are welfare-enhancing, thereby generating voluntary exchanges with the entrant.
in a free society, diverse persons control different resources, and new holdings arise out of the voluntary exchanges and actions of persons.
Other key elements of Proposition 1A include authorizing the Legislature to approve voluntary exchanges of property tax for existing sales taxes; preventing the state from reducing the local Bradley-Burns sales and use tax rate of 1% or reallocating those revenues; and requiring the state, with limited exceptions, to either fund or suspend mandated programs.

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