The flow of trade referred to the trade of ____ in the 19th century.

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Detailed Solution

The flow of trade referred to the trade of goods in the 19th century.

The three types of flows were identified within international economic exchanges in the 19th century by economists: the flow of trade, the flow of labour, and the movement of capital.

The flow of trade: This trade was primarily related to trade in goods. For instance, wheat was transported to Britain from Russia, America, and Australia.

The flow of labour: was referred to as a circumstance where individuals moved in search of jobs. For instance, about 50 million individuals moved to America and Australia searching for work from Europe.

The movement of capital: This covered the movement of money for either short-term or long-term investments over long distances.

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