Name the following:
(a) The economic activity showing a risk element and carried on profit.
(b) The trade in which two countries are involved.
(c) The trade in which goods are imported from one country for the purpose of exporting to other country.
(d) The industry which involves breeding and reproduction of plants and animals.
(e) The branch of commerce which remove hindrance of place.

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Solution

(a) Business
(b) External Trade
(c) Entrepot
(d) Genetic Industry
(e) Transportation.

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Q. Name of the following:
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(b) The trade in which goods are imported and exported to some other country.
(c) The branch of commerce which removes the hindrance of time.
(d) Buying and selling of goods in small quantities.

Mention the type of trade which involves importing goods from a country to export these to other countries.

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(a) Business (b) External Trade(c) Entrepot (d) Genetic Industry (e) Transportation.

(a) Business
(b) External Trade
(c) Entrepot
(d) Genetic Industry
(e) Transportation.