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International Trade
Question
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What was the form of trade after Industrial Revolution?

Answer

In industrialised countries the demand for raw material like grain, meat, wool expanded. These industrialised countries imported primary products and exported finished products.

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Some More Questions From International Trade Chapter

How are ports helpful for trade? Give a classification of ports on the basis of their location.

How do nations gain from international trade?

What are out ports? Define with examples.

Describe the nature of composition of internation trade.

Define barter system. Mention the difficulties with this system.

What is an international trade?

Name the five greatest trading nations.

Mention the three important aspects of international trade.

What is the balance of trade?

Describe trading blocs with examples.