what is meant by foreign trade?
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Answer:
foreign trade id a exchange of capital, goods and services across international borders and territories.
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Explanation:
Foreign trade is all about imports and exports. The backbone of any trade between nations is those products and services which are being traded to some other location outside a particular country's borders.
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What are the 3 major types of foreign trade?
There are three types of international trade: Export Trade, Import Trade and Entrepot Trade.
What is the role of foreign trade?
Foreign trade plays a vital part in the economy of each country. Foreign trade helps a country to utilize its natural resources and to export its surplus production, it contributes hugely to the GDP of a country. We are going to discuss the importance of foreign trade in India and all of its aspect...
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