Foreign trade is nothing but trade between the different
countries of the world. It is also called as International trade, External
trade or Inter-Regional trade. It consists of imports, exports and entrepot.
The inflow of goods in a country is called import trade whereas outflow of
goods from a country is called export trade. Many times goods are imported for
the purpose of re-export after some processing operations. This is called
entrepot trade. Foreign trade basically takes place for mutual satisfaction of
wants and utilities of resources.
Showing posts with label Definition. Show all posts
Showing posts with label Definition. Show all posts
Wednesday, May 31, 2017
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Foreign trade is nothing but trade between the different countries of the world. It is also called as International trade, External ...
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Foreign Trade can divided into followin two groups: 1. Import Trade : Import trade refers to purchase of goods by one count...
