What is trade importance of international …

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What is trade importance of international trade

Posted by Pankaj Naik 6 years, 11 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 6 years, 11 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Exchange of commodities and goods have been superseded by the exchange of information and knowledge.

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