the rag tradenoun [ S ]uk /ˈræɡ ˌtreɪd/ us /ˈræɡ ˌtreɪd/ informal
› the clothes-making industry
(Definition of “the rag trade” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)
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a thin, flat, round cake made from a mixture of flour, milk, and egg, fried on both sides