1
Question
A businessman from Assam sells tea leaves to a businessman from Maharashtra who, in turn, sells it to a businessman from Goa.
Which of the following will impact the trade between the three businessmen?
A businessman from Assam sells tea leaves to a businessman from Maharashtra who, in turn, sells it to a businessman from Goa.
Which of the following will impact the trade between the three businessmen?
Open in App
Solution
The correct option is D Favourable geographical conditions in Assam
As different regions within the country are trading with each other, it is domestic trade. Higher the standards of living of the people, higher is the volume of trade. Favourable geographical conditions increase the production of tea leaves, a surplus of which can be used in trade. Facilities like transportation and communication quicken the pace of trade. As all the three states have the same currency, the value of the Indian rupee would not
As different regions within the country are trading with each other, it is domestic trade. Higher the standards of living of the people, higher is the volume of trade. Favourable geographical conditions increase the production of tea leaves, a surplus of which can be used in trade. Facilities like transportation and communication quicken the pace of trade. As all the three states have the same currency, the value of the Indian rupee would not
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
