Question

Explain the three types of flows within the international economic exchanges during 1815 to 1914

Answer 1

Flow of Trade: trade in tangible goods like wheat, cotton, etc. earlier fine cotton cloth was produced in India by weavers and exported to European countries

Flow of Labour: migration of people in search of employment. at the time of 19th century, a large number of Indian labourers migrated to Africa and other countries

Flow of Capital: movement of capital over long distances for short-term and long-term investments.
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Answer 2

Explanation:

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.