What is the major reason under lying trade between nations?
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The major reason underlying trade between nations:
1. Unequal distribution of natural resources among different Nations.
2. Availability of various factors of production such as labour, capital and raw material that are required for producing different goods and services differ among nations.
3. Labour productivity and different cost differ among nations due to various Geographical, socio economic and political reasons.
1. Unequal distribution of natural resources among different Nations.
2. Availability of various factors of production such as labour, capital and raw material that are required for producing different goods and services differ among nations.
3. Labour productivity and different cost differ among nations due to various Geographical, socio economic and political reasons.
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