Question

How foreign trade helps in connecting the markets or integration of markets?

Answer 1

Hii friend here is ur answer

When we import and export our goods from foreign country then .Foreign trade help us to know the market we can know which product is in demand and by that we will be connected to market

Hope it helps u

Answer 2

Answer:

With the opening of foreign trade, producers can sell their products not only in their domestic markets but rather in markets of countries across the world. Variety of products in the markets increases and the prices of similar products become equal. Companies across the world compete closely against each other. This also leads to better quality of products in markets. Companies can organize their production in various countries and earn profits. Foreign trade has led to a brand explosion in the market and the consumers have greater choice of products and brands. Thus Foreign trade helps in interconnecting and integrating markets across the world.

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