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Question 7:
Explain the three types of movements or flows within international economic exchange. Find one example of each type of flow which involved India and Indians, and write a short account of it.
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CCommunity
Answer:
The three types of movements or flows within the international economic exchange are trade flows, human capital flows and capital flows or investments. These can be explained as—the trade in agricultural products, migration of labour, and financial loans to and from other nations.
India was a hub of trade in the pre-modern world, and it exported textiles and spices in return
The three types of movements or flows within the international economic exchange are trade flows, human capital flows and capital flows or investments. These can be explained as—the trade in agricultural products, migration of labour, and financial loans to and from other nations.
India was a hub of trade in the pre-modern world, and it exported textiles and spices in return
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CCommunity
thanks