Q2 D of 19 Page 259

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

Name the three types of foreign trade.


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.


More from this chapter

All 19 →
2 B

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

Which are the different types of mobile shops?


 2 C

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

Who are wholesalers?


 2

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

Mention the important goods produced by cottage and small-scale industries.


 2 F

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

Which organizations overcome the hindrance of place and risk?