trade good
Noun: - An article of commerce; a product that can be bought and sold: "Trade good" refers to a tangible item or commodity that is produced, bought, and sold in the market. It is a fundamental unit of economic exchange.
The term "trade good" is used to describe physical items that are the subject of commercial transactions. It emphasizes the item's role as an object of trade rather than its specific qualities. It is a somewhat formal or economic term.
- Noun:
- Spices were a valuable trade good along the ancient Silk Road.
- The company's primary trade goods are electronics and household appliances.
- Oil is a crucial trade good for many national economies.
- In economic contexts: The term is often used in discussions of international trade, tariffs, and supply chains to distinguish physical commodities from services.
- The agreement reduced tariffs on several key trade goods.
- Goods (n): The more common plural form, often used interchangeably with "trade goods" in economic contexts.
- The ship was carrying a cargo of various goods.
- Commodity (n): Often used for raw materials or primary agricultural products that are traded in bulk, but can be synonymous with "trade good."
- Wheat is a major agricultural commodity.
- Commodity
- Merchandise
- Product
- Article of commerce
While "trade good" specifically denotes an item for commercial exchange, the simpler term "good" in economics has the same core meaning (a tangible, useful item). The phrase "trade good" simply makes the commercial context explicit. It does not refer to the quality of being "good" (virtuous or high quality).
-
articles of commerce
