International Trade — OCM STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceOCMInternational Trade3 Marks
Question
Explain : 'World- a Global Village'.
✓
Answer
Because of trade auxiliary services like Insurance, Banking, Communication through modern technology, transportation, producers, distributors, customers and people in any corner of the world came into contact.
As a result, now the obstacles of time and place have been removed, people of the world have come closer to one another. Consequently they are able to satisfy their needs.
Because of this, international market is developed most of the countries of the world entered international market and they became familiar with one another just like a people of small village.
so we can truly say that world become a 'global village'.
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