What is trade?

  • (noun): Steady winds blowing from east to west above and below the equator.
    Example: "They rode the trade winds going west"
    Synonyms: trade wind
    See also — Additional definitions below

Trade

Trade is the transfer of ownership of goods and services from one person or entity to another by getting something in exchange from the buyer. 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.

Read more about Trade.

Some articles on trade:

Economy Of Mexico - Trade - Mexican Trade Facilitation and Competitiveness
... brief published by the World Bank as part of its Trade Costs and Facilitation Project suggests that Mexico has the potential to substantially increase trade flows and economic growth through ... The study examines the potential impacts of trade facilitation reforms in four areas port efficiency, customs administration, information technology, and regulatory environment (including standards) ...
West Africa - History - Prehistory
... Iron Age cultures began to flourish, and an inter-region trade began to appear.The desertification of the Sahara and the climatic change of the coast cause ... of the camel allowed the development of a trans-Saharan trade with cultures across the Sahara, including Carthage and the Berbers major exports included gold ...
North American Free Trade Agreement - Mechanisms - Trade - Investment
... The US direct investment in NAFTA countries is in nonbank holding companies, and in the manufacturing, finance/insurance, and mining sectors ... The foreign direct investment, of Canada and Mexico in the United States (stock) was $237.2 billion in 2009 (the latest data available), up 16.5% from 2008. ...
International Trade - Fair Trade
... The fair trade movement, also known as the trade justice movement, promotes the use of labour, environmental and social standards for the production of commodities ... Such ideas have also sparked a debate on whether trade itself should be codified as a human right ... Importing firms voluntarily adhere to fair trade standards or governments may enforce them through a combination of employment and commercial law ...
World Trade Center Site - Rebuilding
... Above Preliminary site plans for the World Trade Center rebuild ... Bush vowed to rebuild the World Trade Center site ... we will rebuild New York City." The immediate response from World Trade Center leaseholder Larry Silverstein was that "it would be the tragedy of tragedies not to rebuild this part of New York ...

More definitions of "trade":

  • (noun): The commercial exchange (buying and selling on domestic or international markets) of goods and services.
    Example: "Venice was an important center of trade with the East"; "they are accused of conspiring to constrain trade"
  • (adj): Relating to or used in or intended for trade or commerce.
    Example: "A trade fair"; "trade journals"; "trade goods"
  • (noun): The skilled practice of a practical occupation.
    Example: "He learned his trade as an apprentice"
    Synonyms: craft
  • (noun): The business given to a commercial establishment by its customers.
    Synonyms: patronage
  • (verb): Exchange or give (something) in exchange for.
    Synonyms: swap, swop, switch
  • (noun): People who perform a particular kind of skilled work.
    Example: "As they say in the trade"
    Synonyms: craft
  • (verb): Turn in as payment or part payment for a purchase.
    Example: "Trade in an old car for a new one"
    Synonyms: trade in
  • (noun): A particular instance of buying or selling.
    Example: "I had no further trade with him"
    Synonyms: deal, business deal
  • (verb): Be traded at a certain price or under certain conditions.
    Example: "The stock traded around $20 a share"
  • (verb): Do business; offer for sale as for one's livelihood.
    Synonyms: deal, sell

Famous quotes containing the word trade:

    Killers, huh? I’d trade the pair of you for a good Camp Fire Girl.
    Daniel Taradash (b. 1913)

    My trade and my art is living. He who forbids me to speak about it according to my sense, experience, and practice, let him order the architect to speak of buildings not according to himself but according to his neighbor; according to another man’s knowledge, not according to his own.
    Michel de Montaigne (1533–1592)

    Literature flourishes best when it is half a trade and half an art.
    —W.R. (William Ralph)