free commodity
[friː kəˈmɒdɪti]
nounpl: free commodities
bem de livre circulação
1. A good or service that is available without restriction or cost, or with minimal barriers to access and trade
Water from public fountains is considered a free commodity in many cities.
A água das fontes públicas é considerada um bem de livre circulação em muitas cidades.
2. In economics, a product or resource that can be freely traded across markets without tariffs, quotas, or government restrictions
Under the trade agreement, agricultural products became free commodities between the two nations.
Sob o acordo comercial, os produtos agrícolas se tornaram bens de livre circulação entre as duas nações.
3. An item or service that has no scarcity value because it is abundantly available
Air is a free commodity that we often take for granted.
O ar é um bem de livre circulação que frequentemente ignoramos.
This term is primarily used in economic, legal, and commercial contexts in both American and Brazilian business environments. In Brazil, it relates to trade agreements like MERCOSUR and discussions about economic liberalization. In the USA, it's commonly used in discussions about free trade agreements and market economics. The concept is important in understanding international commerce and economic policy.
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