Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsFOREIGN TRADE2 Marks
Question
Mention main conditions of foreign trade.
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Answer
Two conditions should be obeyed for foreign trade.
$(1)$ There should be much difference in the expense of production of service $/$ product between two countries.
$(2)$ Both the countries should make more or less profit by doing business.
$(3)$ Which means it should be beneficial to both the countries.
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