How foreign trade thus results in connecting the markets for integration of market in different countries.
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Goods travel-from one market to another in lording trade. Choice of goods in the marketrises. ... The Indian producers can sell their produce not only in domestic markets but also compete in markets located in other countriesof the world. Thus foreign trade leads to integration of markets across countries.
Goods travel-from one market to another in lording trade. Choice of goods in the marketrises. ... The Indian producers can sell their produce not only in domestic markets but also compete in markets located in other countriesof the world. Thus foreign trade leads to integration of markets across countries.
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=> 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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