A policy of unrestricted foreign trade, with no tariff or subsidies on imports or exports, and no quota or other trade restrictions. Free trade implies that this regime applies to most goods, though there may be exceptions, for example agricultural goods or military equipment. It has usually been interpreted as applying only to trade in goods and not in services, but a similar policy can be applied to trade in services. A free-trade policy can be adopted unilaterally, or on a multilateral basis by joining a free-trade area. This is a group of countries which have no tariffs or other restrictions on trade between them, but remain free to control their trade with non-members of the area. Again this may apply to most but not all types of goods.

• financial year
• financing, official
• fine tuning
• firm
• firm-specific human capital
• first-best
• first-degree price discrimination
• first derivative
• first-in, first-out
• first-mover advantage
• first-order conditions
• FIS
• fiscal drag
• fiscal neutrality
• fiscal policy
• fiscal stance
• fiscal system, federal
• fiscal year
• fixed cost
• fixed exchange rate
• fixed factors
• fixed-interest security
• fixed investment
• fixprice
• flag carrier