Question

According to you, why is international trade important? Give any four reasons.

Answer 1

Answer:

international trade is imp. because,

Explanation:

(i) it helps a country to get new technology from foreign contries.

(ii) it helps one country to extends its boundaries of market.

(iii) it helps to gain the goods which the country itself can't produce.

(iv) it helps in equalizing prices over different parts of worlds.

hope this helps.

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Answer 2

Answer:

1) Countrys prosperity lies in amount of goods moving from it.

2) It is the economic barometer of the country

3) Country having trade surplus with other countries is said tobe rich

4) Country s get essential goods from international trade