Question

how does foreign trade lead to integration of markets across countries explain with an example

Answer 1

HI


1.Foreign trade creates an opportunity for the producers to reach beyond the domestic markets.

2.Producers can sell their produce in the markets located within the country.

3.Producers can also compete in markets located in the other countries of the world.



Hope it proved to be beneficial.....

Answer 2

Answer :

Foreign trade has been the foremost factor of linking two nations. Even in past trading led to the discovery of many nations. British came to India with the lure of trading in the Indian market.

When a trade occurs goods travel from one nation to another nations’ market, competition increases in the market and choices of goods in market increases. The producers from two different countries with each other although they are separated by miles.