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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

What do you mean by Export trade? - Commerce

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Question

What do you mean by Export trade?

Short Note

Solution

Export trade means the sale of domestic goods to foreign countries. Export trade is necessary to sell domestic surplus goods, to make better utilization of resources, to earn foreign exchange, to increase national income, to generate employment, and to increase Government revenue.

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Foreign Trade
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Chapter 22: Types of Trade - Exercises [Page 221]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 22 Types of Trade
Exercises | Q III. 3. | Page 221
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