The term of voluntary trade is mainly used for describing the primary foundation of the current economic system. So whenever there is an exchange of products or goods instead of other services, then the entire thing will be stated as trading.
So voluntary trade describes the market where the buyers or the sellers will be having the right to buy or sell anything depending on their preferences, or they can also refuse it if they want to. So with the help of voluntary trade, you are getting the freedom of choosing between the compensation of being forced into the labor.
So the system of the free market is usually maintained by the voluntary trade because it will enable the seller and buyer to have power. So with the help of the voluntary business, if a nation is weak then they will be having proper control and power over the commodities which they are buying or selling and they can refrain it from getting exploited by any other powerful nations. This voluntary trade promotes economic progress in several countries.
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