Question
Explain the three types of flows within the international economic exchanges during 1815 - 1914.
✓
Answer
Flow of Trade: trade in tangible goods like wheat, cotton, etc. earlier fine cotton cloth was produced in India by weavers and exported to European countries
Flow of Labour: migration of people in search of employment. at the time of 19th century, a large number of Indian labourers migrated to Africa and other countries
Flow of Capital: movement of capital over long distances for short-term and long-term investments.
Flow of Labour: migration of people in search of employment. at the time of 19th century, a large number of Indian labourers migrated to Africa and other countries
Flow of Capital: movement of capital over long distances for short-term and long-term investments.
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