Question

why is international trade considered the economic barometer for a country (1 mark )

Answer 1

☆ Advanced of the international trade of country leads to economic prosperity.



☆ The income which is earned from the international trade constitute the major part if the national income.


☆ Large international trade leads to revival of domestic economy .

Answer 2

It is considered as economic barometer for a country because resources are limited with every country and every country needs to do imports and exports to have all the resources and services.