The way in which growth occurs affects the pattern of trade of a country.

Question

Quizplus · Accepted Answer

When a country experiences economic growth, it typically leads to an increase in demand for goods and services. This, in turn, can affect the country's pattern of trade as it may need to import more raw materials or capital goods to support its growing industries. Additionally, as the country becomes more prosperous, it may also increase its exports to meet the demand of emerging markets. Thus, the way in which growth occurs can have a significant impact on a country's trade patterns.

The Way in Which Growth Occurs Affects the Pattern of Trade