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Trade

Definition updated on November 2023

What is Trade in economics?

Trade is the action of buying, selling, or exchanging goods and services between people, states, or countries.

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Mustard Yellow
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M
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Polka Dot
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Vintage-inspired Styles
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New Year’s Eve outfit
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Bachelorette Party Dress
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Formal Wear
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Casual
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Business Casual
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Linen
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Merino Wool
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Velvet
What is Velvet in fabric?
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Baby Fit
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Ribbed
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Classic Knit
What defines Classic Knit in fashion?
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Open Knit
What is Open Knit in clothing?
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Cable Knit
What is Cable Knit in garments?
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Chevron
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Plaid
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Striped
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Burgundy
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Wine Red
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Maroon
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Oversized
What does Oversized mean in clothing styles?
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Big and Tall Size
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Plus Size
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🇺🇸
American Vintage
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Vintage
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High-end Fashion
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Resale
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Auction House
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Overstock
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Inventory Liquidation
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Consignment
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Dropshipping
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Online Sales
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Retail Arbitrage
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Competitive Pricing
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Core Competency
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Marketshare
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Thrift
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NFT
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Facebook Marketplace
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Supply Chains
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Ecommerce
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Auction
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Trade
What is Trade in economics?
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⚖️
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Wholesale
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Exchange
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Mercado
What is a Mercado?
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Labor market
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Seller's market
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Buyer's market
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Sale
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S
🌐
Global
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Consumer
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Industry
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I
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Commercial
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Retailing
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Mart
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Agora
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Oligopoly
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⚡
Outlet
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Craigslist
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Bazaar
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B
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3P – Third-Party Sellers
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1P – First-Party Sellers
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🛒
WS - Wholesale
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VC – Vendor Central
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⚪
WL – White Label
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U
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SKU – Stock Keeping Unit
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SFP – Seller Fulfilled Prime
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SEO – Search Engine Optimization
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SC – Seller Central
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S
💰
ROI – Return on Investment
How is ROI (Return on Investment) calculated and used to evaluate business performance?
R
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RA – Retail Arbitrage
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R
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PPC – Pay-per-Click
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PL – Private Label
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🏭
OEM – Original Equipment Manufacturer
What is an OEM (Original Equipment Manufacturer) and how does it fit into the supply chain?
O
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PED – Prime Exclusive Discount
What is a PED (Prime Exclusive Discount) and how does it benefit Amazon Prime members?
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