Question

why is advancement of international trade considered the economic barometer of the country? ​

Answer 1

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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.

Answer 2

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When trade takes place between two countries it is known as international trade.

(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.

(ii) As the resources are space bound, no country can survive without international trade.

(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.

Hope it helps