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Class 10General KnowledgeWorld HistoryColonization and DecolonizationExpertLevel 76
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Why is the idea of unequal exchange important in postcolonial economy?

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Answer and explanation

Correct answer: Because value relations between raw materials and finished goods can maintain dependence

Unequal exchange explains the structure of economic dependence. For exams remember export import relation.

Related tags

Unequal-ExchangePostcolonial-EconomyDependency

Frequently asked questions

What is the correct answer to this question?

Because value relations between raw materials and finished goods can maintain dependence

Why is this the correct answer?

Unequal exchange explains the structure of economic dependence. For exams remember export import relation.

Which subject and chapter does this question cover?

This is a Class 10 General Knowledge question. Chapter: World History. Topic: Colonization and Decolonization.

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10 more MCQs
  1. 1What is the simple meaning of colonization?
  2. 2What does decolonization mean?
  3. 3Why did European powers build many colonies?
  4. 4Which European power ruled India as a colony for a long time?
  5. 5The East India Company was mainly a company of which country?
  6. 6The need for raw materials was which type of cause of colonialism?
  7. 7Under colonial rule who generally controlled local people?
  8. 8Which economic benefit did European countries get from colonies?
  9. 9Which European country had major early colonial influence in many parts of the Americas?
  10. 10Which European country had major colonial influence over Brazil?
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