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Definition: trade from Collins Dictionary of Business

the exchange of goods, services and financial securities between BUYERS and SELLERS. In most cases trade takes place using MONEY as a means of exchange in buying and selling transactions, though occasionally trade can involve direct BARTER. See MARKET SYSTEM, INTERNATIONAL TRADE.


trade

From The Dictionary of Human Geography
Under normal capitalist conditions, the transportation and exchange of commodities for money. As such, trade provides a vital link between production and consumption in capitalist commodity chains . It is through trade that commodities reach their markets, and it is only when commodities are sold into markets that the value produced by the exploitation of workers is abstracted out and represented in the exchange values or prices generated by market trading (Harvey, 1999 [1982]). For these reasons, trade derives both its immense significance and considerable contemporary contentiousness from the ways in which it is interwoven with the wider political–economic organization of capitalism . When it occurs across national borders , trade serves to create international economic ties. As a result, international trade statistics provide some of the best data available about the actual economic interdependencies underpinning globalization . Trade data showing global increases in international…
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Full text Article trade

From The Columbia Encyclopedia
traffic in goods. Conducted by gift, barter, or sale, trade is one of the most widespread of all social institutions. The discovery of nonlocal objects at many archaeological sites strongly suggests that trade existed in prehistoric times. Anthropologists and other explorers have found trade…
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Full text Article trade

From The Macquarie Dictionary
the buying and selling, or exchanging, of commodities, either by wholesale or by retail, within a country or between countries domestic trade, foreign trade., trades a purchase, sale, or exchange. Plural: trades a form of occupation pursued as a business or calling, as for a livelihood or profit. …
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Full text Article trade

From The Chambers Dictionary
an occupation, way of livelihood, esp skilled but not learned; shopkeeping; commerce, esp as opposed to a profession; buying and selling; people engaged in a specific occupation, esp the liquor trade or the book trade; customers, clientele; commercial customers as opposed to the public in general; …
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Full text Article Trade

From Gale Encyclopedia of U.S. Economic History
Trade is the exchange, purchase, or sale of goods and services. In economic terms it is a means of increasing productivity. Whether international or domestic, trade makes possible the division and specialization of labor and capital. If individuals could not trade the products of their specialized…
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Full text Article trade

From The American Heritage(R) Dictionary of the English Language
The business of buying and selling commodities, products, or services; commerce. See Synonyms at business . A branch or kind of business: the women's clothing trade. The people working in or associated with a business or industry: writers, editors, and other members of the publishing trade. The…
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Full text Article Trade

From Brewer's Dictionary of Phrase and Fable
Usually the liquor trade, especially those engaged in brewing and distilling; also applied to those people engaged in the particular trade under consideration. A committee representing workers and management set up under Act of Parliament to regulate conditions of labour in a particular industry. A…
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From Dictionary of Accounting
the business of buying and selling A particular type of business, or people or companies dealing in the same type of product. ○ He's in the secondhand car trade. ○ She's very well known in the clothing trade. ■ verb to buy and sell, to carry on a business. ○ We trade with all the countries of the…
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Full text Article TRADE

From Historical Dictionary of Australia
Trade has been vital to the development of Australia since the time of European settlement, and the export–import balance has exercised a direct influence on regional economies and national living standards. With its relatively small population , the Australian economy has always been more dependent…
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Full text Article trade.

From The Oxford Companion to British History
Economic development has, from the earliest times, been manifest in and driven by trade, which has been one of the principal mechanisms by which prosperity has increased. One of the reasons for trade is specialization of production. Some examples are obvious. European countries are not very…
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Full text Article trade

From Collins English Dictionary
n 1 the act or an instance of buying and selling goods and services either on the domestic (wholesale and retail) markets or on the international (import, export, and entrepôt) markets. Related adjective: mercantile 2 a personal occupation, esp a craft requiring skill 3 the people and practices of…
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