Answer :

Trade was the main channel connecting the countries in the past. For example Silk route connected different countries of the world; as a result huge trade took place through this route. Trade in the past was restricted to finished goods being produced in one market and sold in other markets. In today’s time beside trade; capital, technology, people and services-flow is also taking place all over the world. Today the world is connected in a way where production also takes place across different countries


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
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
RELATED QUESTIONS :

What is the basicSocial Science - Board Papers

“Foreign trade inSocial Science - Board Papers

How does foreign NCERT - Understanding Economic Development

What are the variNCERT - Understanding Economic Development

Distinguish betweNCERT - Understanding Economic Development

In recent years CNCERT - Understanding Economic Development