What is another word for voluntary exchange?
Pronunciation: [vˈɒləntəɹi ɛkst͡ʃˈe͡ɪnd͡ʒ] (IPA) 
Voluntary exchange is a fundamental economic concept that refers to the act of individuals trading goods and services without coercion or force. Synonyms for this term include "free exchange" which highlights the absence of any outside influence on the transaction, "market exchange" which emphasizes the role of supply and demand in determining the value of goods, and "mutual exchange" which underscores the reciprocal nature of the exchange. Other synonymous phrases for voluntary exchange include "trade by choice" which captures the freedom of individuals to engage in the exchange, and "consensual exchange" which highlights the importance of mutual agreement between parties. Ultimately, all these terms describe the same concept of individuals engaging in exchanges of goods and services for mutual benefit without any outside coercion or force.
