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

Trade in goods and commodities is covered by Section 6 - Distributive trade services; accommodation, food and beverage serving services; transport services; and electricity, gas and water distribution services of Central Product Classification (CPC) Version 2.1.


Name1 Trade (Exchanging goods and services for money)
Target Outcome A change in the claims by the participating actors, on the exchanged goods.
Social actors and roles At least a buyer and seller, often also transporter, insurer, customs as explained for different incoterms.
Trigger or preceding interaction The establishment of transportation, communication, and financial settlement solutions.
Interfaces and services Price information,…
Inputs and 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).
Stores and 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.
Other characteristics
Part of National or international trade.
Parts The handing over of assets (material, content, financial) among the parties.
Succeeding Interactions In the case of conflict: arbitration.
Alternatives Besides legitimate ways of exchanging goods and services, exchanges may also happen in illegitimate ways, for instance as part of corruption, stealing and robbery.
Action Realm Operations
Further reading Any handbook on trade.

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