Q5 of 12 Page 74

Write answers in short:

What is the difference between the OPEC and APEC in terms of their functions?

The OPEC and APEC varies in functions as listed below.



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Explain the difference in types of balances of trade.

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State the objectives of WTO.

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Write the functions of the important trade organisations in Asia.

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What is the importance of marketing from farmers ‘point of view’?