Q. 2 D

Answer each of the following questions in two to four sentences:

Name the three types of foreign trade.

Answer :

Foreign trade is the trade that occurs between two different countries and includes exports, imports and entrepot trades. When a country sells its goods to other countries it is called export. When a country buys goods from other countries it is called import. Entrepot trade occurs when a country buys goods with the sole aim of selling them to other countries.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Related Videos
Deciding business future with Profit and LossDeciding business future with Profit and LossDeciding business future with Profit and Loss50 mins
Quiz | Deciding the Business Future with Profit and LossQuiz | Deciding the Business Future with Profit and LossQuiz | Deciding the Business Future with Profit and Loss54 mins
Champ Quiz | Force, Pressure & SoundChamp Quiz | Force, Pressure & SoundChamp Quiz | Force, Pressure & Sound29 mins
Quiz on Friction + ForceQuiz on Friction + ForceQuiz on Friction + Force30 mins
Quiz | Powers and ExponenntsQuiz | Powers and ExponenntsQuiz | Powers and Exponennts43 mins
Foundation | Componendo and Dividendo.Foundation | Componendo and Dividendo.Foundation | Componendo and Dividendo.43 mins
Foundation | Coding and DecodingFoundation | Coding and DecodingFoundation | Coding and Decoding45 mins
Histograms and Pie ChartHistograms and Pie ChartHistograms and Pie Chart43 mins
Genius Quiz | Powers and ExponentsGenius Quiz | Powers and ExponentsGenius Quiz | Powers and Exponents27 mins
Scalar and Vector QuantitiesScalar and Vector QuantitiesScalar and Vector Quantities43 mins
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses