A trade association, also known as an industry trade group, business association or sector association, is an organization founded and funded by businesses that operate in a specific industry. An industry trade association participates in public relations activities such as advertising, education, political donations, lobbying and publishing, but its main focus is collaboration between companies, or standardization. Associations may offer other services, such as producing conferences, networking or charitable events or offering classes or educational materials. Many associations are non-profit organizations governed by bylaws and directed by officers who are also members.
In countries with a social market economy, the role of trade associations is often taken by employers' organizations, which also have a role in the social dialogue.
Read more about Trade Association: Political Influence, Publishing, Generic Advertising, Controversy, U.S. National Trade Associations, European Trade Associations, East Asian Trade Associations, Indian Trade Associations, Canadian Trade Associations, UK Trade Associations, International Trade Associations, Copyright Trade Groups
Famous quotes containing the words trade and/or association:
“Is there something in trade that dessicates and flattens out, that turns men into dried leaves at the age of forty? Certainly there is. It is not due to trade but to intensity of self- seeking, combined with narrowness of occupation.... Business has destroyed the very knowledge in us of all other natural forces except business.”
—John Jay Chapman (1862–1933)
“They that have grown old in a single state are generally found to be morose, fretful and captious; tenacious of their own practices and maxims; soon offended by contradiction or negligence; and impatient of any association but with those that will watch their nod, and submit themselves to unlimited authority.”
—Samuel Johnson (1709–1784)