Question

Foreign Trade results in Integrating the market in different countries’. Comment

Answer 1

Hello

Due to opening of foreign trade, commodities move from one market to the other. This increases the choice of goods in the market. As a result prices are similar kinds of commodities in the different markets are likely to become equal. In this way, foreign trade leads to the integration of markets across countries.

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Answer 2

Answer:

Here's your answer buddy!

• Foreign trade helps companies to sell their 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 the markets increases. The prices of similar goods becomes equal. The producers of the two countries compete closely against each other.
• Foreign trade increases competition for the domestic producers, hindering their sales.
• In these ways, foreign trade integrates markets in different countries.

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