Trading Places is a term used to describe the exchange of goods and services between two parties. PITS, EMPORIA, AGORAE, MARTS, and MARKETS are all terms used to describe different types of trading places. PITS is an acronym for 'Public International Trading System', which is a type of trading place where international transactions take place. EMPORIA are large-scale trading centers that specialize in the sale of luxury goods. AGORAE are open-air markets that are typically found in ancient Greek cities. MARTS are large-scale trading centers that specialize in the sale of agricultural products. Finally, MARKETS are public spaces where buyers and sellers come together to exchange goods and services.