Explain the three types of movements or flows within the international economic exchange. Find one example of each type of flow which involved India and Indians, write a short account of it.
ᴛʜɴx ᴅᴇɴᴇ ᴋɪ ᴋʀɪᴘᴀ ᴋʀᴇ..
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Explain the three types of movements or flows within the international economic exchange. Find one example of each type of flow which involved India and Indians, write a short account of it.
ᴛʜɴx ᴅᴇɴᴇ ᴋɪ ᴋʀɪᴘᴀ ᴋʀᴇ..
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Answer:
These can be explained as-the trade in agricultural products, migration of labour, and financial loans to and from other nations, (I) The flow of trade (trade in goods, e.g. cloth or wheat): India was a hub of trade in the pre-modern world, and it exported textiles and spices in return for gold and silver from Europe.