Tuesday, 3 January 2017


Advancement of international trade is an index to countries prosperity.international trade means exchange of goods between two or more countries.social trade means trade between town and cities.a state trade means trade between two states.international trade represents countries economic growth.a country can develop only when it reduces the trade barriers and allow free flow of goods into the country.a country should participate in trade because the resources are space bound only through trade resources can be exchanged from our plus area to efficient are the balance of trade determine countries development. a fair balance of trade is when the exports exceeds the value of import an unfavourable balance of trade occurs when the value of imports exceeds the value of exports. A favourable balance of trade is required for development .so advancement of international trade of a country is an index of its prosperity.