Trade occurs because of ______ of goods in one place.
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Trade occurs because of surplus of goods in one place. A
trade surplus is an economic measure of a positive balance of trade, where a
country's exports exceed its imports.
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39. In order to comply with TRIPS Agreement, India enacted the Geographical Indications of Goods (Registration & Protection) Act, 1999. The difference/ differences between a “Trade Mark” and a Geographical Indication is/are i) A Trade Mark is an individual or a company’s right whereas a Geographical Indication is a community’s right ii) A Trade Mark can be licensed whereas a Geographical Indication cannot be licensed iii A Trade Mark is assigned to the manufactured goods whereas the Geographical Indication is assigned to the agricultural goods/products and handicrafts only Which of the statements given above is/are correct?
An export is a function of international trade whereby goods produced in one country are shipped to another country for future sale or trade.
Goods in a weekly market are cheap because sellers don't have to incur expenditure of ___________________ on the goods.
The movement of goods from one place to another is called trade.
Choose the correct option concerning the given Assertion (A) and Reason (R).