Explain the three types of movement or flows within international economic exchange?
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Answered by
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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.
hope this will help you
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.
hope this will help you
Answered by
12
Answer:
a.flow of trade
b.flow of labour
c.flow of capital
d.flow of raw materials
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