Question

HOW DOES FORIGN TRADE PLAY AN IMPORTANT ROLE IN INTREGATINGS THE MARKET ACROSS THE COUNTRY

Answer 1

Foreign Trade leads to the integration of markets around the world in the following ways:

i) Exports and imports ­ Producers can make available their goods in markets beyond domestic ones via exports. Likewise, buyers have more choice on account of imports from other countries. For example, Japanese electronic items are imported to India, and have proved to be a tough competition for less­technologically­advanced companies here.

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