Yojit
  • 11

Differentiates between the International and local trade?

  • 11

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

Share

1 Answer

  1. 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.

    For more answers visit to website:
    https://www.tiwariacademy.com/ncert-solutions/class-10/social-science/

    • 8
Leave an answer

Leave an answer

Browse