Short Answer TypeWhy is a dense and efficient network of transport and communication a perequisite for the development of local, national and global trade of today? Give your opinion.
(30.1) Two features A and B are marked on the given political outline map of India. Identify these features with the help of the following information and write their correct names on the lines marked in the map:
A. Coal mines
B. The terminal station of North-South Corridor
(30.2) On the same map locate and label the following:
Bhilai Iron and Steel Plant.
Why did the Indian Government remove barriers to a large extent on foreign trade and foreign investment?
What precautions do you suggest for a consumer to take while purchasing medicines from the market?
Money has made transactions easy. Justify.
In an economy where money is in use, money by providing the crucial intermediate step eliminates the need for double coincidence of wants. It is no longer n necessary for the shoe manufacturer to look for a farmer who will buy his shoes and the same time sell him wheat. All he has to do is find a buyer for his shoes. Once he has exchanged his shoes for money, he can purchase wheat or any other commodity in the market. Since money acts as an intermediate in the exchange process, it is called a medium of exchange.
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