Free trade is an agreement where two or more nations intentionally work on reducing trade barriers. This agreement is an effort to ease transporting goods and raw materials from one nation to another. Apart from making trade processes more straightforward, it is also a practical step towards improving the relationship between the countries involved. From the above analysis, a free trade agreement has a couple of advantages, especially in increasing prosperity among citizens because it allows them to buy more quality products at relatively lower costs (Boglioni, 2019). In this case, it is advantageous as it will enable the sellers to enjoy increased revenue generation after successfully selling their products. Furthermore, it is also crucial towards boosting and improving innovation practices whose benefits extend towards the country's growth.

Most importantly, free trade is also an effective system as it has created fairness for the consumers. This system aligns with the Big Mac index, where consumers enjoy the same prices for similar products across different countries. In a free trade system, all the producers have the privilege of getting raw materials at equal prices, hence incurring the same production cost. On the other hand, the free trade agreement also has disadvantages, as it does not create more employment opportunities. It also pushed families to dive deeper into the urban centers and away from agricultural investments as the factory farms take care of the food supply. It also reduces interest and effort channeled towards intellectual property protections since most businesses copy branding and graphic displays.

How does it impact the PPP?