Market Systems

“The most important single central fact about a free market is that no exchange takes place unless both parties benefit.”

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– Milton Friedman

The United States Agency for International Development (USAID) defines market systems as “spaces in which private and public actors collaborate, coordinate, participate, and compete to produce, distribute, and consume goods and services at local, regional, and international levels.” Market systems help create opportunities for economic development, innovation, market competition, and resilience in the face of market and resource shocks.