ECONOMICS
BARRIERS TO TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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imports
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exports
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demand
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supply
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Detailed explanation-1: -Export refers to a product or service produced in one country but sold to a buyer abroad. Exports are one of the oldest forms of economic transfer and occur on a large scale between nations. More items
Detailed explanation-2: -Exports of goods and services consist of transactions in goods and services (sales, barter, and gifts) from residents to non-residents. Exports of goods occur when economic ownership of goods changes between residents and non-residents.
Detailed explanation-3: -Petroleum products or refined petroleum is the most exporting product of India after jewellery products. It includes medium oils & preparations and light oils and preparations, of petroleum or bituminous minerals.
Detailed explanation-4: -CHINA. With the second-largest economy in the World, China is the leader in exports.
Detailed explanation-5: -International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (see: World economy) In most countries, such trade represents a significant share of gross domestic product (GDP).