wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

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

A
By movement of goods from one region to another of a country
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
By movement of goods from place of excess to the place of deficit
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
By movement of goods from place of deficit to the place of excess
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
By movement of goods from one country to another
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B By movement of goods from place of excess to the place of deficit
Trade refers to the buying and selling of goods and services. As no region is self-sufficient, trade ensures that people get the goods they demand. This happens by movement of goods from place of excess to place of deficit.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Question No. 10
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon