Commerce is the lifeblood of any economy. It is the means by which businesses and consumers exchange goods and services. Through commerce, people can improve their standard of living by acquiring goods and services they need or want. Commerce also creates jobs and stimulates economic growth.There are many benefits to free trade. When businesses can freely exchange goods and services, it leads to increased competition, which in turn drives down prices for consumers. Free trade also encourages innovation as businesses compete to offer the best products at the lowest prices. By promoting efficiency and productivity, free trade helps economies grow faster than they would otherwise.Critics of free trade argue that it harms domestic industries by exposing them to foreign competition. However, this argument fails to take into account that domestic industries can always compete by improving their own efficiency or offering better products at lower prices.. In addition, proponents of free trade argue that protectionism ultimately hurts everyone by reducing global economic growth rates.
