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Lifelines of National Economy
'International trade is considered the economic barometer for a country'. Discuss.
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.
(ii)As the resources are space bound, no country can survive without international trade. Export and import are the components of trade.
(iii)The balance of trade of a country is the difference between its export and import. When the value of export exceeds the value of imports, it is called a favourable balance of trade. On the contrary, if the value of imports exceeds the value of exports, it is termed as unfavourable balance of trade.
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Which one of the following terms is used to describe trade between two or more countries
State any three merits of roadways.
Where and why is rail transport the most convenient means of transportation?
What is the significance of the border roads?
What is meant by trade? What is the difference between international and local trade?
Why are the means of transportation and communication called the lifelines of a nation and its economy?
Write a note on the changing nature of the international trade in the last fifteen years.
Northern terminal of the North South Corridor.
The name of National Highway No. 2.
The headquarter of the southern railway zone.
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