Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsFOREIGN TRADE2 Marks
Question
Show the Nature $($Form$)$ of Foreign Trade.
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Answer
Forms or types of the goods of import and export are the nature of foreign trade.
Which goods are exported from the country in the form of foreign trade? What is its share in gross export income? Which goods are imported in the country? What is share in gross import? Changes occurred in different period are studied.
Nature of foreign trade means certain special aspects which differentiate it from other activities and gives it unique identity.
The form of foreign trade is determined on the basis of the factor affecting it, policies and laws related to it.
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