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Importance, scope and benefits of international trade - class-XI

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Foreign trade involves much greater risk than home trade.

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A
True
💡 Explanation:
  • Economic dependence: Too much dependence on imports may undermine the economy of a country.
  • Restricted growth of home industries: Foreign trade may discourage the growth of domestic industries.
  • Misuse of natural resources.
  • Political exploitation.
  • Import of harmful goods.
  • Rivalry among nations.
  • Invasion of culture.
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