Trade efficiency refers to how effectively goods can be exchanged between parties, usually measured by factors such as speed, cost-effectiveness, reliability, and ease of transactions.
Related terms
Barter System: A method of exchange where goods or services are directly traded without the use of money.
Currency: A standardized form of money widely accepted in transactions, making trade more efficient and eliminating the need for bartering.
Supply Chain: The network of individuals, organizations, activities, resources, and technology involved in producing and delivering a product to customers.