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Marketing and Trading


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Trade is the willing exchange of goods, services or both. A mechanism that allows trade is called a market. The original form of trade is the direct exchange of goods and services. Modern traders instead generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling. 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. So you can call that Trade is also called commerce which takes place between any two parities.

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