Question

"Foreign trade is an important component of globalisation." Explain giving three points.


please frnds I need the answer immediately...

Answer 1

1. in the process of the foreign trade the consumers are able to get ample of choices
2.and the producers that are separated from miles are even having competiting with themselves
3. as the producers of different countries competitive the prices also lowest down

Answer 2

Foreign trade creates an opportunity for producers to reach beyond the domestic market i.e:- market of their own country . As globalisation is rapid integration of different countries. So,it with the help of trade globalisation takes place .
Thumbs up if u like