Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsFOREIGN TRADE3 Marks
Question
Why is it important to know the size, composition and direction of the county’s foreign trade?
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Answer
Understanding the size, composition and direction of the county’s foreign trade is necessary to know:
The trends and development of trade
The efforts that a country puts to promote her trade in international market
The relation of a country with other countries
The quality of domestic production done to match international standards
The competitiveness of domestic products in international market, etc.
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