Question

Describe how increase in foreign trade has led to the integration of markets all over the world.
(5 marks question)

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Answer 1

Explanation:

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Foreign trade has led to increased competition among the producers, which has further increased efficiency of the market. ... It has led to availability of goods and services which were not earlier available in the local market. This is how markets are integrated through foreign trade.

Answer 2

Answer:

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Foreign trades leads to integreation of markets accros countries by the process of imports and exports producers can make avilable their goids in market beyond domestic ones via exports likewise buyers have more choise on account of imports from other countries

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