1.

Nature of International Trade.

Answer»

Nature of International Trade means such special features and aspects of trade which gives it a unique identity from other activities. In international trade

  • The geographical and occupational mobility of factors of production is lesser.
  • Trade takes place in many varieties of goods.
  • It is more challanging in nature.
  • It requires diplomatic efforts.
  • It requires knowledge and forecasts regarding the value of different currencies.
  • It is a joint effort of nations and international organisations.
  • It has impact of political and social ideologies.
  • It has vast scale.
  • It involves more permissions and taxes.
  • It involves higher degree of competition.


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