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Talk about world trade.
In the past when men?s needs were few, it was not necessary to get things from distant lands. But, today, the people of one country depend on the people of another country for a variety of things. As a result, world trade has developed.
Without world trade it would be difficult for the people of any country to get many things which are now considered necessaries. Some countries are not rich in mineral resources. They have no iron or coal mines, while others have too many of them. Again, some countries are not suitable for agriculture while others have several fertile plains to grow crops.
Further, even if a country is rich in natural resources, it may not have enough skilled men to exploit them. For such geographical and other reasons the people of the world have learnt to buy things which they cannot produce profitably and to sell things for which they have a special ability to produce. West Malaysia, for example, specializes in producing rubber for which there is a great demand from several courtiers in the world. But she has no ability to produce machinery and several other things. West Malaysia therefore depends on other courtiers for many of her needs.
In the same way, all the countries of the world cooperate and exchange things with one another. From other countries we get motorcars, radios, television sets and several other things, which we cannot produce ourselves. At the same time we give to other countries the things that we can produce better than many others. In this way, every country specializes in producing only a few things. As a result, the quality of goods is improved to the common benefit of the people of the world.
World trade has also raised the standard of living of the people in the world. We are able to use things made in countries across miles of ocean. As a result of all this, life has become more comfortable than what it was before; and it is realized that a country could hardly progress without world trade.
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Learn English
World trade
Talk about world trade.
In the past when men?s needs were few, it was not necessary to get things from distant lands. But, today, the people of one country depend on the people of another country for a variety of things. As a result, world trade has developed.
Without world trade it would be difficult for the people of any country to get many things which are now considered necessaries. Some countries are not rich in mineral resources. They have no iron or coal mines, while others have too many of them. Again, some countries are not suitable for agriculture while others have several fertile plains to grow crops.
Further, even if a country is rich in natural resources, it may not have enough skilled men to exploit them. For such geographical and other reasons the people of the world have learnt to buy things which they cannot produce profitably and to sell things for which they have a special ability to produce. West Malaysia, for example, specializes in producing rubber for which there is a great demand from several courtiers in the world. But she has no ability to produce machinery and several other things. West Malaysia therefore depends on other courtiers for many of her needs.
In the same way, all the countries of the world cooperate and exchange things with one another. From other countries we get motorcars, radios, television sets and several other things, which we cannot produce ourselves. At the same time we give to other countries the things that we can produce better than many others. In this way, every country specializes in producing only a few things. As a result, the quality of goods is improved to the common benefit of the people of the world.
World trade has also raised the standard of living of the people in the world. We are able to use things made in countries across miles of ocean. As a result of all this, life has become more comfortable than what it was before; and it is realized that a country could hardly progress without world trade.
Read more:
Why Is Agriculture Important
Failure Is The Mother Of Success
Importance Of Studying Geography
What Is Your Favorite Subject?
A Good Deed
Professional Qualities Of A Good Teacher
Essay A Vivid Dream
About Rainy Season
Sport Essay
Caught In A Storm
Homework For Teachers
Popular Essays
Myhobbies
Girls That Look Like Boys
Qualities Of A Good Teacher
Click here to invite friends to visit our website
71 72 73 74 75 76 77 78 79 80
81 82 83 84 85 86 87 88 89 90
- Water Is Important To All Living Things
"Water is important to all living things". Do you agree or disagree? Give reasons for your opinion. ?Water is important to all living things?. Do you agree or disagree? Give reasons for your opinion Without water no living thing on the earth could survive....
- Importance Of Good Roads In A Country
Talk about the importance of good roads in a country Read another post on importance of roads Good roads are essential for the development of a country. The Romans realized this centuries ago. Wherever they established themselves, they tried to improve...
- The Country I Would Like To Visit
Talk about the country you would like to visit. I have heard much about the beauty of the East as well as the West, about the wonderful islands in the Pacific and also in the Atlantic. In short, the whole world seems to be full of beautiful places. The...
- Agriculture Is Important
Why is agriculture important in the world of today? Since the dawn of history, agriculture has been one of the important means of producing food for human consumption. Today more and more lands are being developed for the production of a large variety...
- The Most Important Subject
Talk about the subject you consider most important Of all the subjects that I study in school, I think that English is the most important subject. It is mainly through the English language that we gain access to the various sources of knowledge. English...