Voluntary Exchange Law and Legal Definition
Voluntary Exchange is the process of willingly trading one item for another. Voluntary exchanges are the heart and soul of market transactions, and should be contrasted with the "involuntary" exchanges mandated by government taxes, laws, and regulations. While involuntary government-forced exchanges play an important role in a mixed economy, economists really, really like voluntary market exchanges because they promote economic efficiency.
Legal Definition list
- Voluntary Evacuation
- Voluntary Dissolution
- Voluntary Dismissal
- Voluntary Disclosure of Offense
- Voluntary Disclosure Agreement[VDA]
- Voluntary Exchange
- Voluntary Exclusion
- Voluntary Exclusion or Voluntarily Excluded [Education]
- Voluntary Exposure to Unnecessary Danger
- Voluntary Ignorance
- Voluntary Impoverishment
