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प्रश्न
"Undertaking international trade is mutually beneficial to nations." Justify the statement.
उत्तर
- Regional specialisation: Countries that specialise in the production of a certain item benefit economically from international trade. Additionally, it aids in reducing global economic inequality.
- Higher level of production: Due to increased global demand, countries can now produce more thanks to international trade. The less economically developed nations also widen their production network.
- Better standard of living: International trade between nations is crucial for improving living conditions, creating jobs, and other things.
- Worldwide availability of goods and services: Through trade, nations can access goods and services that might not otherwise be accessible domestically and expand their markets. Market competition has increased as a result of global trade.
- Equalisation of prices and wages: The price and wage disparity has drastically decreased in a global market where nations compete with one another and because of improvements in the transportation network.
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संबंधित प्रश्न
Define Slave Trade.
Where are the headquarters of ASEAN?
Where are the headquarters of EU?
Where are the headquarters of CIS?
When and how did slave trade begin?
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What are the concerns related with international trade?
What are the impacts of the negative balance of trade?
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In which of the following trade blocks, is India an associate member?
How many types of trade?
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India is the member of which trading block?
Which is the largest trading partner of India?
Where is the headquarter of OPEC?
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Which of the following trade blocks, is In~a an associate member?
European commerce grew after the disintegration of ______ Empire with the development of ocean going warships in 12th century AD.
Which one of the following continents has the maximum flow of global trade?
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Explain how, in modern times, trade is the basis of world's economic organisation and is related to the foreign policy of the nations.
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On the given political map of the World, seven geographical features have been marked as A, B, C, D, E, F and G. Identify any five with the help of the following information and write their correct names on the lines drawn near each feature.
- A major seaport.
- An international airport.
- An important Seaway.
- An area of subsistence gathering in South America.
- An important seaport of Asia.
- An area of Nomadic Herding.
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