Plz help.me with this 2nd question
Dear student,
When trade takes place between two countries it is known as international trade.
it is considered as the economic barometer of a country because of the following reasons:-
When trade takes place between two countries it is known as international trade.
it is considered as the economic barometer of a country because of the following reasons:-
(i) It is very important for the development of a country. Advancement of international trade of a country is an index to its economic prosperity.
(ii) As the resources are space bound, no country can survive without international trade.
(iii) It enables a country to earn foreign exchange which is needed to import essential goods. It is, therefore, considered the economic barometer for a country.
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