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Trade

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This article is about the economic mechanism. For other uses, see Trade (disambiguation).

Purchase redirects here. For other uses, see Purchase (disambiguation)

Trade is the transfer of ownership of goods and services from one person to another. Trade is sometimes loosely called commerce or financial transaction or barter. A network that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and services. Later one side of the barter were the metals, precious metals (poles, coins), bill, paper money. Modern traders instead generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and later credit, paper money and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade between more than two traders is called multilateral trade.

Trader in Germany, 16th century

Trade exists for man due to specialization and division of labor, most people concentrate on a small aspect of production, trading for other products. Trade exists between regions because different regions have a comparative advantage in the production of some tradable commodity, or because different regions' size allows for the benefits of mass production. As such, trade at market prices between locations benefits both locations.

San Juan de Dios Market in Guadalajara, Jalisco

Retail trade consists of the sale of goods or merchandise from a very fixed location, such as a department store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the purchaser.[1] Wholesale trade is defined as the sale of goods or merchandise to retailers, to industrial, commercial, institutional, or other professional business users, or to other wholesalers and related subordinated services.[2]

Trading can also refer to the action performed by traders and other market agents in the financial marke

Trade

–noun
1.
the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries: domestic trade; foreign trade.
2.
a purchase or sale; business deal or transaction.
3.
an exchange of items, usually without payment of money.
4.
any occupation pursued as a business or livelihood.
5.
some line of skilled manual or mechanical work; craft: the trade of a carpenter; printer's trade.
6.
people engaged in a particular line of business: a lecture of interest only to the trade.
7.
market: an increase in the tourist trade.
8.
a field of business activity: a magazine for the furniture trade.
9.
the customers of a business establishment.
10.
Informal . trade paper.
11.
trades. trade wind ( def. 1 ) .
–verb (used with object)
12.
to buy and sell; barter; traffic in.
13.
to exchange: to trade seats.
–verb (used without object)
14.
to carry on trade.
15.
to traffic (usually fol. by in ): a tyrant who trades in human lives.
16.
to make an exchange.
17.
to make one's purchases; shop; buy.
–adjective
18.
of or pertaining to trade or commerce.
19.
used by, serving, or intended for a particular trade: trade journal.
20.
Also, trades. of, composed of, or serving the members of a trade: a trade club.
—Verb phrases
21.
trade down, to exchange a more valuable or desirable item for a less valuable or desirable one.
22.
trade in, to give (a used article) as payment to be credited toward a purchase: We trade in our car every three years.
23.
trade off, to exchange something for or with another.
24.
trade on / upon, to turn to one's advantage, esp. selfishly or unfairly; exploit: to trade on the weaknesses of others.
25.
trade up, to exchange a less valuable or desirable item for a more valuable or desirable one.
Use Trade in a Sentence