Asses the positive aspect of ‘trade liberalisation’.
Positive aspects of trade liberalisation:
a. It has increased competition in the market and has reduced the cost of products.
b. Accessibility and affordability of goods improved.
c. New markets have opened for producers.
Which one of the following South American nation, is a part of OPEC?
In which of the following trade blocs is India an associate member?
What is the basic function of the World Trade Organisation?
Why is it deterimental for a nation to have negative balance of payments?
What benefits do nations get by forming trading blocs?
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.
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