Voluntary exchange is the core of all market economies. It is the lifeblood that propels innovation, societal welfare, and progress, creating intricate webs of interconnected transactions that heighten productivity. In pursuit of profits, businesses sell and improve their products to outperform competitors and increasingly capture market shares, spurring the development of novel ideas and solutions. As Michael Matulef puts it, “The constant push for improvement and the desire to meet consumer demands result in a dynamic market landscape, where innovation thrives, and products become increasingly sophisticated and tailored to meet specific needs.” With the adoption of more pro-trade policies and economic systems, millions of people continue to see an increase in their standard of
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