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    Rayyan Ahmad
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    Trade involves the exchange of goods and services between countries through imports and exports. Exports are goods and services that a country sells to other nations, while imports are what they purchase from other countries. Pakistan's major exports include textiles and rice, and its major imports are machinery, petroleum, and palm oil. Capital goods and raw materials are also imported, with capital goods used to produce other products and raw materials being the basic inputs used to make finished goods. Economies of scale can provide cost savings through increased production levels.

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    Trade involves the exchange of goods and services between countries through imports and exports. Exports are goods and services that a country sells to other nations, while imports are what they purchase from other countries. Pakistan's major exports include textiles and rice, and its major imports are machinery, petroleum, and palm oil. Capital goods and raw materials are also imported, with capital goods used to produce other products and raw materials being the basic inputs used to make finished goods. Economies of scale can provide cost savings through increased production levels.

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    5 views1 page

    Geography

    Uploaded by

    Rayyan Ahmad
    Trade involves the exchange of goods and services between countries through imports and exports. Exports are goods and services that a country sells to other nations, while imports are what they purchase from other countries. Pakistan's major exports include textiles and rice, and its major imports are machinery, petroleum, and palm oil. Capital goods and raw materials are also imported, with capital goods used to produce other products and raw materials being the basic inputs used to make finished goods. Economies of scale can provide cost savings through increased production levels.

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    of 1

    What is trade?

    (1)
    Draw fig 10.2 trade benefits
    When we buy we sale to other countries
    Import export
    Define export?(2)
    What are the major exports of Pakistan?(3)
    Economies of scale ;
    a proportionate saving in costs gained by an increased level of
    production.
    Define imports(2)
    What are the major imports of Pakistan?(3)
    What are capital goods?
    goods that are used in producing other goods, rather than
    being bought by consumers.
    What are raw materials?
    the basic material from which a product is made.
    Draw fig 10.8

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