Economy, asked by Shiva9357, 1 year ago

Why interntional trade is called the economic barometre of counyry?

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Answered by sunshinehandycrafts

International trade is considered the economic barometer for a country: (i)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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