Question

the international trade happened through there ? a) road ways b) railways c) waterways d) airways
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Answer 1

Answer:

the answer is c) waterways

Explanation:

at first Vasco Da Ga Ma found the sea route from Portuguese to Goa in India, from then the international trade started

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Answer 2

Answer:

Option C

Explanation:

International trade has a rich history starting with barter system being replaced by Mercantilism in the 16th and 17th Centuries. The 18th Century saw the shift towards liberalism. It was in this period that Adam Smith, the father of Economics wrote the famous book ‘The Wealth of Nations’ in 1776 where in he defined the importance of specialization in production and brought International trade under the said scope. David Ricardo developed the Comparative advantage principle, which stands true even today.

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