Question

what is the significance of international trade??​

Answer 1

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1. What is the significance of international trade?

${\mathtt{\purple{A}\green{N}\pink{S}\blue{W}\purple{E}\green{R}\pink{!}}}$

Trade: The exchange of goods among people, states and countries is referred to as trade.

$\large\underline\green{\sf Importance :-}$

$\bold\purple{♡}{\red{\underline{\blue{\mathbf{More \: detail }}}}}\bold\blue{♡}$

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• International trade of a country is an index to its economic prosperity.
• It is considered the economic barometer for a country.
• As the resources are spate bound, no country can survive without international trade.
• Countries have trade relations with the major trading blocks.
• Exchange of commodities and goods have been superseded by the exchange of information and knowledge.

$\bold\purple{♡}{\red{\underline{\pink{\mathbf{Hope \: it's \: helpful \: for \: you .}}}}}\bold\blue{♡}$

Answer 2

$\boxed{\fcolorbox{red}{pink}{Question}}$

1. What is the significance of international trade?

${\mathtt{\purple{A}\green{N}\pink{S}\blue{W}\purple{E}\green{R}\pink{!}}}$

Trade: The exchange of goods among people, states and countries is referred to as trade.

$\large\underline\red{\sf Importance :-}$

$\bold\purple{♡}{\red{\underline{\blue{\mathtt{More \: detail }}}}}\bold\blue{♡}$

$\boxed{\fcolorbox{purple}{blue}{ International\: trade -}}$

• International trade of a country is an index to its economic prosperity.
• It is considered the economic barometer for a country.
• As the resources are spate bound, no country can survive without international trade.
• Countries have trade relations with the major trading blocks.
• Exchange of commodities and goods have been superseded by the exchange of information and knowledge.

$\bold\purple{♡}{\red{\underline{\green{\mathbf{Hope \: it's \: helpful \: for \: you .}}}}}\bold\blue{♡}$