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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4.26 The society in general believes that mutual gains comes from Voluntary exchanges, and therefore a business deal is 'good' if it brings benefit to both buyer and seller.
The point, lest it be obscured, is that because voluntary exchanges make both parties better off, allowing those who are least well-off to have access to exchange improves their welfare.
But even with the incredible breadth of information we are equipped with to prepare us as workers, businesses, and policymakers, and despite the dramatic changes experienced in recent years, a certain fundamental remains intact: labor markets are the culmination of voluntary exchanges, controlled by the actions and choices of all individuals involved.
If the court agrees to Argentina's payment proposal, Fernandez expects a willing congress to promptly enact it, and voluntary exchanges of defaulted debt for new bonds would then eliminate most of the remaining mess, whether or not Singer's hedge fund accepts the deal, the filing said.
Markets promote color blindness, punctuality, mutual respect, the "double thank you" of voluntary exchanges, and peace.
He seems to assume that all voluntary exchanges must be for money.
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.The charity first measures the needs of its primary target group (clients, users, etc.) and then designs (or redesigns, or reaffirms) services to suit those needs.
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.
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).
If no environmental impact assessment is available and agencies decide that one is necessary for a proper evaluation of a project's environmental impact, they will be able to require its sponsors to finance such a study, along with any other studies they deem necessary for risk assessment purposes.In practice, expert credit organisations taking part in a project have to ensure that all information, including the environmental impact study for the project, are featured in the voluntary exchanges of information on the environment.
Society benefits by protection from aggression, which interferes with basic ownership and with voluntary exchanges.

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