Reasons for Trade

Q.

What are the types of supply?

Q. How does trade help in fulfulling the demands of the people?

1. By movement of goods from one region to another of a country
2. By movement of goods from place of excess to the place of deficit
3. By movement of goods from place of deficit to the place of excess
4. By movement of goods from one country to another

Q. In trade, goods move from the place of to the place of .

1. excess
2. distance
3. deficit
4. accessibility

Q. Customer service is exported from India to Canada.
Identify the place of demand and the place of supply.

1. India: Place of demand
   Canada: Place of supply
2. India: Place of supply
   Canada: Place of demand
3. India: Place of demand
   Canada: Place of demand
4. India: Place of supply
   Canada: Place of supply

Q. How does trade help in fulfulling the demands of the people?

1. By movement of goods from the place of excess to the place of deficit
2. By movement of goods from the place of deficit to the place of excess
3. By movement of goods from one place to another
4. By movement of goods in exchange for other goods