Advancement of international trade of a country is index to its economic prosperity. Support the
statement with three arguments.
Answers
(i) As the resources are limited no country can survive without International trade. (ii) goods or resources possessed by one country are required by other and vice-versa. These differences create conditions for international trade. (iii) foreign trade has helped India to improve its productivity of manufactured goods.
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The advancement of international trade of a country is an index to its economic prosperity. It is, therefore, considered the economic barometer for a country
International trade plays a very important role in the development and growth of the country. The coming up of MNCs give opportunities for employment in the country. Foreign trade enables a country to earn foreign exchange. With the help of foreign investment, the economy of the country becomes strong.