Economy, asked by Sahifa7848, 1 year ago

Why international trade is considered the economic barometers for a country?

Answers

Answered by faridkhann
5

Explanation:

(i) It is very important for the development of a country. Advancement of international trade of a country is an index to its economic prosperity. ... (iii) It enables a country to earn foreign exchange which is needed to import essential goods. It is, therefore, considered the economic barometer for a country.

Answered by supriyaaa0003
0

. Advancement of international trade of a country leads to economic prosperity.

. Income earned from international trade constitutes a major part of the nation

. Large international trade leads to revival of domestic economy....

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