NCERT Important Questions for Class 10 Social Science Geography Chapter 7
Social Science Class 10 political science
Lifelines of National Economy 7
Important Questions
Very Short Questions
Differentiates between the International and local trade?
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International Trade:-
1. Carried between two countries.
2. At a large scale.
3. Foreign currency is exchanged.
4. Fulfil needs for the entire public. (whole world)
5. Advancement of international trade of a country is an index to its economic prosperity.
Local Trade:-
1. Carried among village, town and cities..
2. At a small scale
3. Currency remains in the same country.
4. Fulfils the need and necessities local people only.
5. Advancement of local trade also benefits a country indirectly.
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