NCERT Solutions for Chapter: Globalisation and the Indian Economy, Exercise 3: LET’S WORK THESE OUT
NCERT Social Science Solutions for Exercise - NCERT Solutions for Chapter: Globalisation and the Indian Economy, Exercise 3: LET’S WORK THESE OUT
Attempt the practice questions on Chapter 4: Globalisation and the Indian Economy, Exercise 3: LET’S WORK THESE OUT with hints and solutions to strengthen your understanding. Understanding Economic Development (Social Science) solutions are prepared by Experienced Embibe Experts.
Questions from NCERT Solutions for Chapter: Globalisation and the Indian Economy, Exercise 3: LET’S WORK THESE OUT with Hints & Solutions
What was the main channel connecting countries in the past? How is it different now?

Distinguish between foreign trade and foreign investment.

In recent years, China has been importing steel from India. Explain how the import of steel by China will affect.
(a) steel companies in China.
(b) steel companies in India.
(c) industries buying steel for production of other industrial goods in China.

How will the import of steel from India into the Chinese markets lead to integration of markets for steel in the two countries? Explain.
