Position of Trade among the interactions:

Name Trade (Exchanging goods and services for money)
Reference Any handbook on trade.

Socio-economic scope

- Roles At least a buyer and seller, often also transporter, insurer, customs as explained for different incoterms.
- Tools Sales terms, such as those for International Commerce (IncoTerms 2010). Classification of goods, such as Harmonized Commodity Description and Coding System (HS, Harmonized System) and its use in the determination of customs and excise duties, as illustrated by the Singapore Trade Classification, Customs & Excise Duties 2012.
- Services Price information,…
Inputs/Outputs The goods exchanged, regulations that govern the entitlements (e.g., customs and excise duties), contracts that govern liabilities (e.g. as assumed under each incoterm).
Target Outcome A change in the claims by the participating actors, on the exchanged goods.

Dynamic context

The exchange could take place in a market place, or it could be part of the commercial relation among the seller and the buyer.

Action Realm Operations
Part of National or international trade.
Parts The handing over of assets (material, content, financial) among the parties.
Preceeding Interactions The establishment of transportation, communication, and financial settlement solutions.
Succeeding Interactions In the case of conflict: arbitration.
Alternatives Besides legitimate ways of exchanging goods and services, exchanges may also happen in illegitmate ways, for instance as part of corruption, stealing and robbery.

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