Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 10: Foreign Trade of India
Q.5. State with reason whether you agree or disagree with the following statement
2. Trade is an engine of growth for an economy.
Options
Agree
Disagree
YES I Agree with the above statement.
Explanation:
a. Trade is an engine of growth of an economy because it plays an important role in economic development.
b. In developed countries, it represents a significant share of the Gross Domestic Product.
