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Meaning of trading network
A trading network refers to a system or arrangement that enables the exchange of goods, services, or information among businesses, organizations, or individuals.
Etymology of trading network
The term "trading network" has its roots in the words "trade" and "network".
"Trade" originates from the Old English word "trædan", which means to tread or walk, and later referred to the act of exchanging goods or services.
"Network" comes from the Old English words "net" and "weorc", which together mean a net-like structure or a system of interconnected things.
The concept of trading networks has been around for centuries, with early examples including the Silk Road and the spice trade.
Synonyms
Definitions
- A trading network is defined by Oxford Languages as a network of traders, businesses, or organizations that exchange goods, services, or information.
- * It can also refer to a system or infrastructure that facilitates trade, commerce, or economic activity.
Usage Examples
- The company established a trading network with several countries to increase its exports.
- * The trading network allowed businesses to exchange goods and services more efficiently.
- * The city's trading network was disrupted due to the pandemic, affecting the local economy.