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Answer» No country in this world is self-reliant. Each country needs other countries to share its resources, products and services. This gives rise to international trade. - International trade activities exist since ancient time. With time, science and technology advanced to unprecedented heights.
- As a result countries started producing a very large number of goods and services. These countries then kept on searching for countries where they could sell their products.
- With the establishment of various international trade organizations countries came closer and traded freely.
- Moreover, due to fast transportation, internet and e-commerce trade became much faster and countries came much closer.
- Now we can trade with any country without even moving out of our offices. The entire world is now connected with each other and seems so close as if it is a small village.
- Hence, it is rightly said world – a global village.
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