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trade diversion
trade down
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Also available:
World English Dictionary
Dictionnaire Français
trade up
trade up
intransitive verb
Definition:
buy something more costly:
to sell something small or inexpensive and buy something larger and more expensive in its place
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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