Definitions [1]
Define International Trade.
The exchange of goods, services, and capital between countries and regions is referred to as International trade.
Important Questions [3]
- Define International Trade.
- Mention three ways in which International Trade can reduce global inequalities and thereby help the developing nations.
- Assertion (A): MNC's made better infrastructure, brought employment and reduced the gap between the developed and developing nations. Reason: MNCs exploited the resources and acquired land
Concepts [4]
- Global Environmental Pollution
- Economic Development and Environmental Degradation.
- International Trade
- Multinational Corporations
