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प्रश्न
"Undertaking international trade is mutually beneficial to nations." Justify the statement.
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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
Why is it detrimental for a nation to have negative balance of payments?
When was WTO formed?
Where are the headquarters of CIS?
Name the packet stations across the English Channel?
What are the impacts of the negative balance of trade?
Write a note on history of international trade.
What was the initial form of trade in primitive society?
In which trading block is Iceland?
How many countries are there in OPEC?
Which is not included in SAARC?
Which association is the largest single market in the world?
Which is the largest trading partner of India?
Which of the following is not a major trading partner of India ____________.
Artificial harbor of India.
What does the Latin word 'Salarium' mean?
The act of opening up economies for trading Is known as ____________.
Trade between two countries can be useful if cost ratios of goods are:
Which of the following is a determinant of trade?
Which of the following trade policies limits. specified quantity of goods to be imported at one tariff rate.
Which of the following trade blocks, is In~a an associate member?
The headquarters of WTO is at ______.
The headquarters of European Union is located at ______.
The silk route had a length of ______ km connecting Rome and China.
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?
Arrange the following organisations according to the year of their formation and choose the correct option.
- ASEAN
- EU
- WTO
- OPEC
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.
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.
