CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

A country can produce a surplus of those products or services and export them to other countries. Similarly, it can import the goods or services which it is deficient in. This pattern of expertise based on territory provides a strong incentive for international trade. Hence, we could say that international business evolved as a result of ___.


A

Geographical specialisation

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B

Easy mobility of labour and capital

No worries! We‘ve got your back. Try BYJU‘S free classes today!
C

Globalisation

No worries! We‘ve got your back. Try BYJU‘S free classes today!
D

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A

Geographical specialisation


A country can produce a surplus of those products or services and export them to other countries. Similarly, it can import the goods or services which it is deficient in. This pattern of expertise based on territory provides a strong incentive for international trade. Hence, we could say that international business evolved as a result of geographical specialization.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Introduction to International Business
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon