How has foreign trade been integrating market for different countries ? Examples
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When a country trade with other country this is called foreign trade .
It is integrating markets by
Increase in competitions which will improve quality and quantity of products.
Prices of goods in different market will be same thus advantages to consumer
Consumer enjoy top quality of products
It is integrating markets by
Increase in competitions which will improve quality and quantity of products.
Prices of goods in different market will be same thus advantages to consumer
Consumer enjoy top quality of products
mohak01:
not helpful still thanked you
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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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