Correct and rewrite the wrong statements (A) India is a self-sufficient country.(B) The place where there is excess production does not have demand for those products.(C) International trade processes are easier than local trade.(D) SAARC works towards economic development and enhancing the social and cultural harmony of the South-East Asian countries.
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A. India is not self-sufficient country because ""supply chain management"" is not good, due to which grains produced are not reaching consumer market.
B. When there is demand only, production should be excess. We do not produce more when there is no demand.
C. No, the process of International trade is not much easier than the local or domestic trade as it involves tariffs, transportation cost, etc.
D. SAARC: The ""South Asian Association for Regional Cooperation"" was established for development of South Asian Countries not South-East Asian countries.
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