Unit 2 Ch 7 : Lifelines of National Economy — Social Studies STD 10 — Question
CBSE BoardEnglish MediumSTD 10Social StudiesUnit 2 Ch 7 : Lifelines of National Economy1 Mark
Question
What are the components of trade?
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Answer
Export and import are the components of trade. 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.
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