Question

Foreign trade results in connecting the markets or integration of markets in different countries. How?

Answer 1

Foreign trade results in connecting the markets or integration of markets in different countries in some ways are-Foreign trade increases competition among companies in term of quality, quantity and price.It enables people to sell their produce in international market rather than only in domestic market.This transport of one nations good to other country facilitates the exchange of tradition and culture such as garments like saris kurta, ghagra etc. sold by indian traders and jeans jerseys jackets sold by international traders to India.It increases the exchange of foreign currency.

Answer 2

Foreign trade has been thE main channel of connecting different countries since time earlier . for eg. silk routes that connected the counties of asia ,europe, and africa { } was used used to transport goods from one country to another . but by 20 th century the emergence of MNCs changes the dimensions of globalization and it created opportunity for domestic markets and entered into the international markets to compete with their products. for buyers there was a wide ranges of choice of goods and services produced in different countries and the producers living in distant areas are facing competition through their products on same maRkets ..
hope it is helpful .☺☺