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Arbitrage is the process of buying commodities, securities or foreign exchange for immediate or future delivery in one market and simultaneously, or almost simultaneously, selling them in another market in order to profit from the price differences in the two markets. This process almost immediately eliminates all price differences in different markets except for those due to transportation costs and political interventions (taxes, tariffs, etc.).[1]


  1. Percy L. Greaves Jr. "Mises Made Easier", Glossary, Abortive - Autonomy, referenced 2011-09-06.