Why international trade is called the barrow miter of a countrys economy?
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International trade is considered the economic barometer for a country because Advancement of international trade of a country is an index to its economic prosperity. ... When the value of export exceeds the value of imports, it is called a favourable balance of trade.
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1Advancement of international trade of a country leads to economic prosperity.
2Income earned from international trade constitues a major part of the nation's net national income
3large international trade leads to revival of domestic economy
4Industries are also considered as economic barometer of the country.
5as it indicates the share of a country in world trade.
2Income earned from international trade constitues a major part of the nation's net national income
3large international trade leads to revival of domestic economy
4Industries are also considered as economic barometer of the country.
5as it indicates the share of a country in world trade.
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