Define the following terms: (i) Trade (ii) International Trade (iii) Favourable Balance of Trade (iv) Unfavourable Balance of Trade

Education policy unfavorable to the Vietnamese students: (i) The Tonkin Free School was started in 1907 to provide a Western-style education. This education included classes in science, hygiene, and French. (ii) The...

Trade between two countries is called International trade. International Trade of a country is an index for its economic prosperity. It is considered as the economic barometer for a country....

(d) The International Treaty on Plant Genetic Resources for Food and Agriculture aims at guaranteeing food security through the conservation, exchange and sustainable use of the world’s plant genetic resources...

(b) IUCN is not an organ of UN. It has observer and consultative status at the United Nations.

When the value of exports exceeds the value of imports, we call it Favourable Balance of Trade.

(i) Trade between two countries is called international trade. (ii) One of the features of international trade of India is information technology.

The exchange of goods among people, states and countries are referred to as a trade. Importance: (i) International trade of a country is an index to its economic prosperity. (ii) It is...

Exports of goods and imports of goods. When the value of exports of goods is greater than the value of import of goods, it is called Surplus Balance of Trade.

Balance of trade account includes only visible items of trade. It is defined as the difference between export of goods and import of goods. Balance of trade account = exports...

(d) Better business sense of Indian traders