Social Sciences, asked by amansidar53, 1 year ago

How foreign trade has integrated world marker? (3 Marks)

Answers

Answered by yagyanshuyadav123
2

1. Foreign trade creates an opportunity for the producers to reach beyond the domestic markets, i.e., markets of their own countries.

2. The competition is thus not just within the county, but also from the producers of different countries.

3. The buyers also get benefitted as they now have more choices and a wider range of products to choose from.

4. With the opening of trade, goods travel from one market to another. Choice of goods in the markets rises. Prices of similar goods in the two markets tend to become equal.

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Answered by jacob909
0

Answer:

Foreign Trade is Integrating markets of different countries:

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

Producers can sell their products in the markets located in other countries.

It helps for expanding the choice of goods beyond domestic market.

It is a main channel connecting countries.

Highly helpful for extensive trade.

The trading interest attracts various trading companies.

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