triangular trade

English - English

Definition of triangular trade in English English dictionary

in history, the trade linking Europe, Africa, and the New World

A foreign trade situation in which the flow of trade is balanced among three countries, as A exports to B, B exports to C, and C exports to A The term triangular trade is often used to symbolize the fact that most foreign trade is more complicated than the simple assumption of an even balance of the exports and imports moving between every two countries trading with each other

Commerce linking Africa, the New World colonies, and Europe; slaves carried to America for sugar and tobacco transported to Europe (p 644)

Hyphenation

tri·an·gu·lar trade

Turkish pronunciation

trayänggyılır treyd

Pronunciation

/trīˈaɴɢgyələr ˈtrād/ /traɪˈæŋɡjəlɜr ˈtreɪd/