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TRANSPORTATION, COMMUNICATION AND TRADE. — Social Science STD 10 — Question

Gujarat BoardEnglish MediumSTD 10Social ScienceTRANSPORTATION, COMMUNICATION AND TRADE.2 Marks
Question
Differentiate between favourable trade (positive trade) and unfavourable trade (negative trade)
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Answer

Favourable trade Unfavourable trade
  • When a country's export exceeds its
import it is known as favourable trade.
  • Favourable trade helps earning foreign exchange.
  • Developed countries generally get the
benefit of favourable trade.
  • When a country's import exceeds its export’
it is known as unfavorable trade. –
  • Unfavourable trade reduces foreign exchange
  • Developing countries suffer the loss in its
economy due to unfavourable trade.

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