Q.Why International trade is called as the " Economic Barometer of the

1.	Q.Why International trade is called as the " Economic Barometer of the country " ?
Answer» When trade takes place between two countries it is known as international trade.(i) It is very important for the development of a country. Advancement of international trade of a country is an index to its economic prosperity.(ii) As the resources are space bound, no country can survive without international trade.(iii) It enables a country to earn foreign exchange which is needed to import essential goods. It is, therefore, considered the economic barometer for a country.

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