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International Trade

Why Does International Trade Occur? International trade occurs because one country enjoys a comparative advantage in the production of a certain good or service, specifically if the opportunity cost of producing that good or service is lower for that country than any other country. If a country opts not to trade with other countries, it…

Geography

India is a vast country. Lying entirely in the Northern hemisphere (Figure 1.1) the main land extends between latitudes 8°4’N and 37°6’N and longitudes 68°7’E and 97°25’E. ntroduction: India is one of the oldest civilizations in the world. Over the past 5 decades, it has progressed politically, geographically, socially, and economically. he economy of India is…

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