1`. differentiate between domestic trade and foreign trade.
2. write any 6 measures to reduce trade deficit of Nepal
3. discuss the importance of foreign trade in the economic development of Nepal.
plz give me answer of these all as soon as possible plz plz *-*
Answers
Answer:
1 Home trade refers to the trade within the borders of the country. Foreign Trade refers to the trade between two or more countries. ... Home trade usually doesn't have any restrictions on movement inside the country. Foreign Trade is subjected to many restrictions on transfer to certain goods to certain countries.
2 In the short term, the hydropower and agricultural sectors offer Nepal's best hope.
3 Foreign trade plays a very important role in the economic development of a country. It promotes economic development by improving competitive capacity, expanding market, and providing modern technology and machineries for industrial and agricultural sector.
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Answer:
1.Home trade refers to the trade within the borders of the country. Foreign Trade refers to the trade between two or more countries. ... Home trade usually doesn't have any restrictions on movement inside the country. Foreign Trade is subjected to many restrictions on transfer to certain goods to certain countries.
2.Three ways to reduce a trade Deficit PIIE
Consume less and save more.if US households or the government reduce consumption (businessessave more than they spend), imports will drop and less borrowing from abroad will be needed to pay for consumption. Depreciate the exchange rate . Tax capital inflows
3.Foreign trade plays a very important role in the economic development of a country. It promotes economic development by improving competitive capacity, expanding market, and providing modern technology and machineries for industrial and agricultural sector.