Choose if the given statement is True/False.

Trade was the main channel connecting distant countries before MNCs emerged.

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True

False

answer is A.

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Detailed Solution

In ancient times, there were trade barriers. The policies of the government were not liberal. Other countries were not allowed to enter the country for foreign trade and investment. Because of this, export and import trade was the only main channel connecting distant lands before the MNCs emerged. Trade between countries used to happen based on export and import only. Goods were exported and imported to fulfil the country's requirements, but trade is now developed economically. After the liberalization policy, policies are made liberal, and countries connect through MNCs to a great extent.

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