Basic Details
Word: Trade
Part of Speech: Noun, Verb
Meaning: The act of buying, selling, or exchanging goods and services.
Synonyms: Commerce, exchange, transaction
Antonyms: Non-trade, stagnation
Idioms and Phrases
- Trade secrets: Confidential information that provides a business advantage. Example: "The company's trade secrets helped them stay ahead in the competitive market."
- You scratch my back, and I'll scratch yours: A phrase used to describe mutual assistance, often in trade. Example: "If you help me with this project, Ill help you with your trade deal; you scratch my back, and I'll scratch yours."
Usage Examples
Example 1: The trade between the two countries has increased due to a new agreement.
Example 2: She decided to trade her bicycle for a skateboard that she liked better.
Example 3: Many people rely on trade to get the goods they need for daily life.
Fun Fact
The word "trade" comes from the Old English word "trade," meaning "track" or "path," which refers to the paths people used to exchange goods long ago.
Famous Quote
"In commerce, the rule is: the buyer pays. In politics, the *producer* pays." - Mark Twain
Multiple Choice Questions (MCQs)
1. What does "trade" mean?
a) A type of animal
b) The act of buying, selling, or exchanging goods
c) A scientific term
d) A form of art
Answer: b) The act of buying, selling, or exchanging goods
2. Which of these is a synonym for "trade"?
a) Politics
b) Commerce
c) Exercise
d) Education
Answer: b) Commerce
3. What is an antonym of "trade"?
a) Non-trade
b) Business
c) Sale
d) Exchange
Answer: a) Non-trade
4. Which sentence uses "trade" correctly?
a) He wants to trade his lunch for a toy.
b) The trade of animals is prohibited.
c) She likes to trade books for music.
d) All of the above.
Answer: d) All of the above.
5. What does the phrase "you scratch my back, and I'll scratch yours" mean in trade?
a) Helping each other for mutual benefit.
b) Ignoring each other.
c) Competing against each other.
d) Staying in one place.
Answer: a) Helping each other for mutual benefit.
