16. Discuss the three flows in international economic exchange during
1815-1914?
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(i) Flow of Trade : During this period trade referred largely to trade in goods such as cloth, wheat, etc.
(ii) Flow of Labour: Migration of people in search of employment.
(iii) Flow of Money : Movement of capital for short-term and long-term investment over long distances.
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Explanation:
(i) Flow of Trade : During this period trade referred largely to trade in goods such as cloth, wheat, etc.
(ii) Flow of Labour: Migration of people in search of employment.
(iii) Flow of Money : Movement of capital for short-term and long-term investment over long distances.
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