ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC GROWTH

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Sales of industrial equipment to foreign businesses
A
Exports
B
Government spending
C
Consumption
D
Investment
Explanation: 

Detailed explanation-1: -Exports are incredibly important to modern economies because they offer people and firms many more markets for their goods. One of the core functions of diplomacy and foreign policy between governments is to foster economic trade, encouraging exports and imports for the benefit of all trading parties.

Detailed explanation-2: -In global trade, exporting is the process by which companies from one country sell their goods and services to companies or consumers in a different country.

Detailed explanation-3: -Assess your company’s export readiness. Build an export plan. Research and select your target market. Create an export marketing plan. Determine the best methods of delivering your product or service to your target market. Develop a sound financial plan. Understand the key legal aspects of international trade.

Detailed explanation-4: -Gasoline and Other Fuels. Crude Petroleum. Liquified Natural Gas (LNG) and Other Natural Gases. Civilian Aircraft Parts. Passenger Vehicles. 21-Dec-2022

There is 1 question to complete.