how does the foreign trade leads to integration of market across economies? explian with examples
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Hi friend ,
The foreign trade leads to integration of market across countries only because of exports and imports.
producers can now make available use of goods beyond domestic ones
like that buyers have more choice on account of imports from other countries.
this is how foreign have integrated....
example : Japanese electronic items are imported to India and proved to be a tough competition for less advanced companies here..
The foreign trade leads to integration of market across countries only because of exports and imports.
producers can now make available use of goods beyond domestic ones
like that buyers have more choice on account of imports from other countries.
this is how foreign have integrated....
example : Japanese electronic items are imported to India and proved to be a tough competition for less advanced companies here..
rudeawakening:
can u give examples for each point?
ok
thanks pl do it!
chinese toys in india and indian ready made garments from other countries have resulted in connecting the markets or integration of markets in different countries.
thanks alot!
is it enough
Answered by
1
Answer:
=> Foreign trade is the main channel which connects the markets of various countries. Foreign trade lead to integration of markets across the countries as follows:
1】Creates opportunities for the producers to reach beyond the domestic markets or the markets of their own countries.
2】Import of goods from various countries provides choice of goods for consumers beyond the goods thet ere produced domesticeMy.
3】Producers of different countries compete with each other although they are thousands of miles away.
Explanation:
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