trade good

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Word: Trade Good

Part of Speech: Noun

Definition: A "trade good" is an item or product that is bought and sold in commerce. These goods are often exchanged between people, businesses, or countries for profit.

Usage Instructions:

• Use "trade good" when talking about items that are commercially valuable and can be traded.
• Typically, trade goods can be natural resources, manufactured products, or any other items that have economic value.

Examples:

1. "Coffee is a popular trade good that many countries export."
2. "The ancient Silk Road was famous for the trade goods that moved along it, such as silk, spices, and precious metals."

Advanced Usage:

In more advanced discussions, you might encounter "trade goods" in economic contexts, such as international trade agreements or discussions about market supply and demand.

Word Variants:

• Trade (verb): To buy and sell goods.
• Good (noun): A physical item that can be sold.
• Trade Goods (plural): Refers to multiple items that are sold and exchanged.

Different Meanings:

While "trade good" specifically refers to items in commerce, the word "trade" itself can also refer to the act of exchanging one thing for another or to a profession (e.g., "He's in the trade of carpentry.").

Synonyms:

• Commodity
• Merchandise
• Product
• Goods

Idioms and Phrasal Verbs:

Although there aren't specific idioms or phrasal verbs that use "trade good," you can use related terms: - "Trade up" - To exchange something for a better or more valuable item. - Example: "I decided to trade up my old car for a new model." - "Trade off" - To give up one thing in exchange for another. - Example: "We had to trade off quality for a lower price."

Summary:

A "trade good" is an important concept in economics and commerce, referring to any item that can be sold or traded.

Academic

Noun

1. articles of commerce

Synonyms

• commodity
• good