Consider the following statements in the context of the period after Industrial Revolution:
1.Non-industrialised nations imported raw materials.
2.Industrialised nations exported finished products.
Answer & explanation
Correct answer: option 2
The correct answer is Option 2: Only 2 is true
After the Industrial Revolution the demand for raw materials like grains, meat, wool also expanded, but their monetary value declined in relation to the manufactured goods. The industrialised nations imported primary products as raw materials and exported the value added finished products back to the non-industrialised nations.