rag trade vs fashion business

rag trade and fashion business both are nouns.

Word	Noun	Adjective	Verb	Adverb
rag trade	Yes	No	No	No
fashion business	Yes	No	No	No

As nouns, rag trade and fashion business are synonyms defined as:

rag trade and fashion business: makers and sellers of fashionable clothing

Other synonyms of rag trade include apparel industry, fashion industry, garment industry.

rag trade (noun)	fashion business (noun)
makers and sellers of fashionable clothing	makers and sellers of fashionable clothing