“Advancement of international trade of a country is an index to its economic prosperity”. Elaborate with examples
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Trading means Exchange of goods and services amg people,states or countries...
Advancement of international trade of a country is am index to its economic prosperity
The country which exports more goods is comparatively rich than those who imports much...
If the production in a country is high then more people will be employed so will generate more income and products which will ultimately lead to some trade and hence the country will become economically prosperous....
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kriti200348:
I'm sure this will help u ND Pls mrk as brainliest
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Answer:
this statement is true
- as the resources are limited no country can survive without international trade.
- india has emerged as a software giant at the international level and it is earning large foreign exchange through the export of information technology.
- goods or resources possessed by one country are required by other and vice versa. these different create conditions for international trade.
- in recent years,exchange,exchange of information and knowledge has benefited in greater exchange of goods across states and countries.
thus,it can be concluded that advancement of international trade of a country is an index of its economic property
hope this will help u
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