A country that does not implement quotas on imported products and does not limit is practising free trade.
Free trade refers to an agreement between two or more countries, who come together to promote trade relation among themselves. These countries remove barrier or policies that could hamper import and export among member countries.
One of the advantages of free trade is that there is economic efficiency. This is because member countries are able to trade among themselves with any trade restriction.
Hence, a country that does not implement quotas on imported products and does not limit is practising free trade.
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