Question

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

Answer 1

foreign trade helps in the flow of goods between countries helping in the integration of markets and also promote globalisation process.it will lead to tough competition between different producers and it results in the increase of production.

Answer 2

Answer:

Here's your answer

• Foreign trade helps companies to sell the products internationally, rather than  only in the domestic market.
• Foreign trade brings foreign investment in the country.
• With the opening of trade, goods travel from one market to another. So the choice of goods in markets increases. Prices of similar products in the two markets become equal.
• Producers in the two countries now closely compete against each other.
• In this way, Foreign trade integrates the markets in different countries.

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