Q3 of 18 Page 204

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Switzerland is famous for ………………….. .


Switzerland also known as Swiss confederation is a sovereign state in Europe. It is a developed country famous for manufacturing watches.

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3

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Trade within the country is called ………………… .


 3

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Industrial raw material are …………. Products.


 4

Answer in 2 or 3 sentences:

What is meant by bilateral and multilateral trade?


 4

Answer in 2 or 3 sentences:

What are two main categories of commodities that enter into the world trade?