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