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trade

noun

/treɪd/

IPA:

Dictionary definition of trade

The buying, selling, or exchange of goods, services, or commodities between individuals, businesses, or countries.
"The trade deficit indicates that a country is importing more goods than it is exporting."

Detailed meaning of trade

It involves the transfer of ownership or rights of a particular item or service in return for something of value, typically money. Trade can encompass a wide range of economic activities, such as the import and export of goods, retail sales, wholesale transactions, and commercial transactions. It plays a crucial role in the global economy, driving economic growth, creating employment opportunities, and facilitating the flow of goods and services across borders. Trade can occur within a local or domestic market, as well as on an international scale, leading to the development of complex networks and systems. The noun "trade" represents the fundamental mechanism by which individuals and societies meet their needs and desires by exchanging goods and services with one another.

Example sentences containing trade

1. International trade helps promote economic development and global cooperation.
2. The stock market is a hub for trading various financial instruments.
3. She decided to pursue a career in the fashion trade, specializing in garment manufacturing.
4. The trade between the two countries has significantly increased over the past decade.
5. The artisan displayed their handmade crafts at the local trade fair.
6. He earned a living through his skill in the carpentry trade.

History and etymology of trade

The noun 'trade' has a rich etymology that harkens back to the Middle English word 'traden,' which can be traced to the Old English word 'tradian' and the Proto-Germanic word 'traudijan.' These roots are related to the concept of 'path' or 'track,' suggesting the idea of a regular route or course along which goods or services were exchanged. Over time, 'trade' evolved to encompass the buying, selling, or exchange of goods, services, or commodities between individuals, businesses, or countries, reflecting its historical association with established routes of commerce and the broader concept of economic exchange.

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Further usage examples of trade

1. The trade of spices and silk was instrumental in shaping historical trade routes.
2. The trade embargo imposed on the country severely impacted its economy.
3. The trade union negotiated for better working conditions and fair wages for its members.
4. The illegal wildlife trade poses a threat to endangered species and biodiversity.
5. He studied international trade to gain a deeper understanding of global markets and trends.
6. International trade is essential for global economic growth.
7. Trade agreements can promote cooperation between nations.
8. Fair trade practices benefit both producers and consumers.
9. The stock market is a hub for financial trade.
10. Trade deficits can impact a country's economic stability.
11. E-commerce has revolutionized online trade.
12. Trade tariffs can affect the cost of imported goods.
13. The Silk Road was a historic trade route.
14. Trade barriers can hinder market access.
15. Trade shows are opportunities for networking.
16. Currency exchange rates influence international trade.
17. Trade imbalances can lead to diplomatic tensions.
18. Trade unions advocate for workers' rights.
19. Trade negotiations can be lengthy and complex.
20. Technology has streamlined the trade process.
21. The black market thrives on illicit trade.
22. Trade sanctions can be used as political leverage.
23. Trade policies impact a nation's economic strategy.
24. Trade disputes can be resolved through arbitration.
25. Trade liberalization can foster economic competition.