Take Class 10 Tuition from the Best Tutors
Affordable fees 1-1 or Group class Flexible Timings Verified Tutors Search in
Asked by S Last Modified
Answer 
Advancement of International trade of a country shows the economic prosperity of a country in following ways:
1) Any foreign country wants to be in a trade with any particular country if it is assured of its political stabilty, which consequently results in better profit prospects in the long term.
2) In this age of globalizaton where you have many vendor countries for any product, a country engages in trade only with that country which provides quality with competitive price. Thus it shows about the quality deliverence of a country.
3) More international trade means that the human and resources of the country are being optimally organized and it gives better employment oppurtunities to the people, which in turn leads to better economic prosperity within a country. More a country is having trading partners, better will be its foreign reserves, which in turn helps in having better trade deficits i.e difference between exports and imports. Considering all these points we can explain the question.
read less
This statement is true because
(i) as the resources are limited no country can survive without International trade.
(ii) goods or resources possessed by one country are required by other and vice-versa. These differences create conditions for international trade.
(iii) foreign trade has helped India to improve its productivity of manufactured goods. International trade contributes to India’s economic growth, raising income level of people.
(iv) in the recent years, exchange of commodities and goods have been superseded by the exchange of information and knowledge.
(v) India has emerged as a software giant at the international level and it is earning large foreign exchange through the export of information technology.
Thus, it can be concluded that advancement of international trade of a country is an index of its economic property.
Dear student .. International trade is between " them " .. two countries to any more number .. whille internal trade is between 2 regions or two states within a country ..International trade occurs because of : A) differences in Unit Comparitive cost of production of any commodity /services B) country's intenational specialisation like eg brazil produce world' best coffee , china & india produce best tea,and USA . best beer , france he world 'd best wine & butterm and england famous for its steel & iron , japan for its high speed cars etc,.C) very low transport costs D) cheap labour & capital between countries decides trade taking place between countries.. dr K S Velmurugan Pondy
read lessView 2 more Answers
Related Questions
how can i get numbers of teachers who take class 10 tuition?
Hi all, I am looking for tutions as a tutor for 1st to 8th grade (all subjects).
I also provide classes of Spoken English (Basics)
Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com
Ask a QuestionRelated Lessons
Recommended Articles
Quest Academy - Institute of the month
Quest Academy is a professional Bangalore based NEET and JEE (Main + Advanced) training institute. The academy was incorporated in 2015 to cater to the needs of students, who aim to crack competitive exams by connecting with the best brains around. The institute helps students enhance their skills and capabilities through...
Read full article >
Meet Raghunandan.G.H, a B. Tech Tutor from...
Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...
Read full article >
Meet Mohammad Wazid, a skilled trainer for...
Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has developed skills with a capability of understanding the requirements of the students. This...
Read full article >
Meet Swati, a Hindi Tutor from Bangalore
Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...
Read full article >
Looking for Class 10 Tuition ?
Learn from the Best Tutors on UrbanPro
Are you a Tutor or Training Institute?
Join UrbanPro Today to find students near youThe best tutors for Class 10 Tuition Classes are on UrbanPro
The best Tutors for Class 10 Tuition Classes are on UrbanPro
8
