Question

Explain the three types of the moments or flows within the international economic exchange. Find one example of each type of flow which involved India and Indians, and write a short account of it.

Answer 1

The Three Types of movements within the international economic exchange are:-
1. The flow of trade : it is the flow of trade which in the 19th Century referred to the trade of goods like cloth or wheat .
2.The flow of labour :People migrated to various countries in search for employment .
3.The movement of capital : It is the movement of money for short term or long term investments over long distances .


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Answer 2

Answer:

The three types of movements or flows within the international economic exchange are trade flows, human capital flows and capital flows or investments. These can be explained as—the trade in agricultural products, migration of labour, and financial loans to and from other nations.