Question

"Foreign trade is an important component of globalisation."EXPLAIN IN BRIEF MINIMUM 10 POINTS PLASE I NEED ANSWERS FAST......

Answer 1

1. Foreign trade access the consumers a wide choice for choosing products.

2. Foreign trade helps every country to make optimum use of its natural resources. Each country can concentrate on production of those goods, for which its resources are best suited. 

3. Foreign trade enables a country to obtain goods, which it cannot produce. Sometimes a country can produce goods but the production cost turns out to be very high. 

4. Give opportunities for youths who are unemployed.

5. Creates friendly and peace situations among nations.

6.Connecting and integration of markets worldwide.

Answer 2

Hey there,

Here is the answer for your question:

(i) Foreign trade implies exchange of goods and services across the countries.

(ii) It helps to expand the size of market for producers.

(iii) Producers and consumers can get commodities produced in any part of the world.

(iv) It works to integrate markets in different countries.

Hope my answer is useful.... pls mark as the brainliest answer.❤️❤️