Ask a Question

Explain the importance of trade.

0 votes
127 views
in Chapter 9 Trade by (98.9k points)
edited
Explain the importance of trade.

1 Answer

0 votes
by (98.9k points)
edited

The importance of trade are:

  • Trade is an important economic activity.
  • The economic life of people is dependent on each other.
  • No region or country is self-sufficient.
  • Trade between two regions is necessary to fulfill the needs of the people.
  • As each region has different geographical conditions, each region produces specific commodities.

Related questions

0 votes
1 answer 103 views
Write the functions of the important trade organisations in Asia.
asked Aug 21, 2022 in Chapter 9 Trade by Doubtly (98.9k points)
0 votes
1 answer 119 views
What is the importance of marketing from farmers ‘point of view’?
asked Aug 21, 2022 in Chapter 9 Trade by Doubtly (98.9k points)
0 votes
1 answer 92 views
What is balance of trade?
asked Aug 21, 2022 in Chapter 9 Trade by Doubtly (98.9k points)
0 votes
1 answer 145 views
What do you mean by unfavourable balance of trade?
asked Aug 21, 2022 in Chapter 9 Trade by Doubtly (98.9k points)
0 votes
1 answer 101 views
What is favourable balance of trade?
asked Aug 21, 2022 in Chapter 9 Trade by Doubtly (98.9k points)

Doubtly is an online community for engineering students, offering:

  • Free viva questions PDFs
  • Previous year question papers (PYQs)
  • Academic doubt solutions
  • Expert-guided solutions

Get the pro version for free by logging in!

Most popular tags

jeemain geography-10th engineering physics semester 5 web computing

5.7k questions

5.1k answers

108 comments

559 users

Doubtly
...