Advertisements
Advertisements
Question
Identify & explain the concept from the given illustration.
Alfonso mangoes from Maharashtra are sold in the international market.
Solution
Concept: Export trade
Explanation:
- Export trade refers to the sale of goods by one country to another country or outflow of goods from one country to foreign country.
- Since Alfonso mangoes from the state of Maharashtra (located in domestic country, India) are sold to foreign countries in the international market, this illustration is related to the concept of ‘export trade.’
APPEARS IN
RELATED QUESTIONS
Explain the concept of foreign trade and its types.
State with reason whether you agree or disagree with the following statement:
Trade is an engine of growth for an economy.
State with reason whether you agree or disagree with the following statement:
During British rule, indigenous handicrafts suffered a severe blow.
Identify and explain the concept from the given illustration:
Japan sells smartphones to Myanmar.
Purchase of goods and services by one country from another country −
Find the odd word
Types of foreign trade -
Assertion (A): Trade is an engine of growth for an economy.
Reasoning (R): Trade plays an important role for economic development.
Distinguish Between
Internal trade and Foreign trade
Explain the types of foreign trade
