trade adj : relating to or used in or intended for trade or commerce; "a trade fair"; "trade journals"; "trade goods" [syn: trade(a)] n
1. the commercial exchange (buying and selling on domestic or international markets) of goods and services; "Venice was an important center of trade with the East"; "they are accused of conspiring to constrain trade"
2. people who perform a particular kind of skilled work; "he represented the craft of brewers"; "as they say in the trade" [syn: craft]
3. an equal exchange; "we had no money so we had to live by barter" [syn: barter, swap, swop]
4. the skilled practice of a practical occupation; "he learned his trade as an apprentice" [syn: craft]
5. a particular instance of buying or selling; "it was a package deal"; "I had no further trade with him"; "he's a master of the business deal" [syn: deal, business deal]
6. the business given to a commercial establishment by its customers; "even before noon there was a considerable patronage" [syn: patronage]
7. steady winds blowing from east to west above and below the equator; "they rode the trade winds going west" [syn: trade wind}] v
8. engage in the trade of; "he is merchandising telephone sets" [syn: merchandise]
9. turn in as payment or part payment for a purchase; "trade in an old car for a new one" [syn: trade in]
10. be traded at a certain price or under certain conditions; "The stock traded around $20 a share"
11. exchange or give (something) in exchange for [syn: swap, swop, switch]
12. do business; offer for sale as for one's livelihood; "She deals in gold"; "The brothers sell shoes" [syn: deal, sell]

Trade \Trade\, n. [Formerly, a path, OE. tred a footmark. See Tread, n. & v.]
1. A track; a trail; a way; a path; also, passage; travel; resort. [Obs.] A postern with a blind wicket there was, A common 220 catflap.bishopston.net dictd 1.11.2/rf on FreeBSD 8.1-STABLE <254492.96049.1288335326@catflap.bishopston.net>

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Trade is the voluntary, often asymmetric, exchange of goods, services, or money. Trade is also called commerce or transaction. A mechanism 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.

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.

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