What are the implications of trade theories on the present day economic scenario in the international trade?
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-Efficient use of productive factors.
-Equality in commodity and factor prices.
-Abundant minerals.
-Climate suited to agriculture
-Well-trained labour force
-New innovative ideas
-Highly developed infrastructure like good roads, telecommunication systems, etc.
-Efficient use of productive factors.
-Equality in commodity and factor prices.
-Abundant minerals.
-Climate suited to agriculture
-Well-trained labour force
-New innovative ideas
-Highly developed infrastructure like good roads, telecommunication systems, etc.
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