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Q.

Economists identify [[1]] types of movement or ‘flows’ within international economic exchanges.


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answer is THREE.

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Detailed Solution

Economists identify three types of movement or ‘flows’ within international economic exchanges.
Three different types of movements or flows are recognized by economists in global trade. The first is the flow of trade, which in the nineteenth century mostly meant the exchange of goods (such as wheat or cloth). The second is the movement of labour, or people moving in pursuit of work. The third is the long-distance transfer of capital for either short or long-term investments. All three flows were intricately related and had a greater impact on people's lives than ever before. The three flows collectively aid in understanding the world economy of the nineteenth century.
 
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Economists identify [[1]] types of movement or ‘flows’ within international economic exchanges.