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What is trade importance of international …

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What is trade importance of international trade

    • Posted by Pankaj Naik 6 years, 8 months ago

    CBSE > Class 10 > Social Science
    • 1 answers

    Yogita Ingle 6 years, 8 months ago

    Trade: The exchange of goods among people, states and countries is referred to as trade.

    Importance:

    • International trade of a country is an index to its economic prosperity.
    • It is considered the economic barometer for a country.
    • As the resources are spate bound, no country can survive without international trade.
    • Countries have trade relations with the major trading blocks.
    • Exchange of commodities and goods have been superseded by the exchange of information and knowledge.

    0Thank You

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