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प्रश्न
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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उत्तर
- International trade is the result of specialisation in production. It benefits the world economy if different countries practise specialisation and division of labour in the production of commodities or provision of services.
- Each kind of specialisation can give rise to trade. Thus, international trade is based on the principle of comparative advantage, complimentarity and transferability of goods and services and in principle, should be mutually beneficial to the trading partners.
- With well developed transportation and communication systems, no country is willing to forego the benefits derived from participation in international trade.
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संबंधित प्रश्न
Why is it detrimental for a nation to have negative balance of payments?
How do nations gain from International Trade?
Define Slave Trade.
What is dumping?
Where are WTO headquarters?
Where are the headquarters of ASEAN?
Where are the headquarters of LAIA?
Where are the headquarters of OPEC?
Name the packet stations across the English Channel?
When and how did slave trade begin?
What are the concerns related with international trade?
List the functions and criticism of the World Trade Organisation (WTO).
The Headquarters of EU are at ______.
In which year WTO was formed?
India is the member of which trading block?
Where is the headquarter of OPEC?
India's balance of trade is negative due to.
Diamond harbor is on the river ____________.
Deepest harbor for large vessels is ____________.
Identify the South America county from the following options which is a part of OPEC.
Which of the following forms the basis of international trade?
Trade between two countries can be useful if cost ratios of goods are:
Which of the following trade policies limits. specified quantity of goods to be imported at one tariff rate.
The headquarters of WTO is at ______.
The headquarters of European Union is located at ______.
European commerce grew after the disintegration of ______ Empire with the development of ocean going warships in 12th century AD.
I. The WTO however has been criticized and opposed by those who are worried about the effects of Free trade and economic globalization.
II. Free trade does not make ordinary people‟s lives more prosperous.
Explain how the 'size of population' and the stage of 'economic development' are the bases of international trade.
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.
- Region of extensive commercial grain agriculture.
