Question

Foreign trade integrates the markets in different countries

Answer 1

It promotes free trade and interaction between 2 countries. it strengthens international ties . it creates a demand for products from cottage industries etc. ..  It widens the target audience of the shopkeepers and promotes growth of economies of the 2 countries

Answer 2

Answer:

Foreign trade has integrate the markets in different countries. With the opening of foreign trade, companies can now sell their products internationally rather than only in the domestic market. this has led to an increase in the variety of goods in the markets. the prices of similar products have become equal. Producers in different countries are closely competing against each other. This competition has given rise to an improved quality of products. But it has also prevented the flourishing of domestic producers.