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Class 12 Tuition > Learn Geography > Explain any three bases of international trade.
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Explain any three bases of international trade.

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Bases of International trade: (i) Difference in national resources: The world's national resources are unevenly distributed because of differences in their physical make up i.e. geology, relief soul and climate.(ii) Stage of economic development: At different stages of economic development of countries,...
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Bases of International trade: (i) Difference in national resources: The world's national resources are unevenly distributed because of differences in their physical make up i.e. geology, relief soul and climate.(ii) Stage of economic development: At different stages of economic development of countries, the nature of items traded undergo changes. (iii) Extent offoreigninvestment:Foreigninvestment can boosttradein developing countries which lack in capital required for the development of mining, oil drilling, heavy engineering and plantation agriculture. read less
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International trade between one country and another depends on 1. The demand pull by the using country for a particular type of goods produced in another countryp like diamond, iridium etc 2. Stage of economic development of the importing country which is not yet at a stage technologically and industrially...
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International trade between one country and another depends on 1. The demand pull by the using country for a particular type of goods produced in another countryp like diamond, iridium etc 2. Stage of economic development of the importing country which is not yet at a stage technologically and industrially to manufacture a particular type of goods-xerox machines, iPads etc 3. Availability of transport routes by land, sea or air, for no matter how strong is the demand or how under-developed the importing country may be trade will not take place. read less
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International trade between one country and another depends on 1. The demand pull by the using country for a particular type of goods produced in another countryp like diamond, iridium etc 2. Stage of economic development of the importing country which is not yet at a stage technologically and industrially...
read more
International trade between one country and another depends on 1. The demand pull by the using country for a particular type of goods produced in another countryp like diamond, iridium etc 2. Stage of economic development of the importing country which is not yet at a stage technologically and industrially to manufacture a particular type of goods-xerox machines, iPads etc 3. Availability of transport routes by land, sea or air, for no matter how strong is the demand or how under-developed the importing country may be trade will not take place. read less
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