Q10 of 16 Page 9

How is difference in natural resources a basis of international trade?

The difference in natural resources a basis of international trade are as follows:-

• Geological Structure- It determines the mineral resource and topographical differences ensure diversity if crops and animals raised.


• Mineral Resources- The minerals are unevenly distributed all throughout the world. These minerals form the basis of industrial development.


• Climate- It ensures the growth and production of specific product in specific region having a particular type of climate like wool production in cold areas.


More from this chapter

All 16 →