Question

Match the following.

• A. Urea
• B. Software services
• C. Foreign trade

Answer 1

The amount of urea required in India exceeds the domestic production capabilities of the country. Therefore, the situation compels India to import urea from foreign countries. However, India has a rich pool of labour resources in software services. Therefore, India exports software services to foreign countries. The exchange of goods and services between countries is called foreign trade. It includes both imports and exports.