📖 generic · 12th TN - English Medium · COMMERCE · Page 214poem

4. Export Promotion

Chapter 4: 4. Specialisation: · COMMERCE

. Export Promotion Entrepreneurship helps a country not only earn precious foreign exchange but also preserve it. If entrepreneurship is encouraged to produce export oriented goods, it can significantly add to foreign exchange reserve of a country. Similarly, if entrepreneurship 12th Commerce Unit - - . . AM is encouraged to produce products which are usually imported from foreign countries i.e. import substitute goods, it can help the country save precious foreign exchange. The comfortable foreign exchange reserve position is more likely to address the adverse balance of payment position if any.

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