Question

How has foreign trade been integrating markets of different countries? Explain with examples.(All India-2018)

Answer 1

Answer:

Foreign Trade is Integrating markets of different countries: ... 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.

Answer 2

☼ ғᴏʀᴇɪɢɴ ᴛʀᴀᴅᴇ.

☼ ᴄʀᴇᴀᴛᴇs ᴀɴ ᴏᴘᴘᴏʀᴛᴜɴɪᴛʏ ғᴏʀ ᴛʜᴇ ᴘʀᴏᴅᴜᴄᴇʀs ᴛᴏ ʀᴇᴀᴄʜ ʙᴇʏᴏɴᴅ ᴛʜᴇ ᴅᴏᴍᴇsᴛɪᴄ ᴍᴀʀᴋᴇᴛs.

☼ ғᴏʀ ʙᴜʏᴇʀs, ɪᴍᴘᴏʀᴛ ᴏғ ɢᴏᴏᴅs ᴘʀᴏᴅᴜᴄᴇᴅ ɪɴ ᴀɴᴏᴛʜᴇʀ ᴄᴏᴜɴᴛʀʏ ɪs ᴏɴᴇ ᴡᴀʏ ᴏғ ᴇxᴘᴀɴᴅɪɴɢ ᴛʜᴇ ᴄʜᴏɪᴄᴇ ᴏғ ɢᴏᴏᴅs.

☼ ᴄʜᴏɪᴄᴇ ᴏғ ɢᴏᴏᴅs ɪɴ ᴛʜᴇ ᴍᴀʀᴋᴇᴛs ʀɪsᴇs.

ᴇxᴀᴍᴘʟᴇ :

Vᴏʟᴋsᴡᴀɢᴇɴ, ᴀ Gᴇʀᴍᴀɴ ᴀᴜᴛᴏᴍᴏʙɪʟᴇ ᴄᴏᴍᴘᴀɴʏ ɪs ᴛʜᴇ ʙɪɢɢᴇsᴛ Gᴇʀᴍᴀɴ ᴀᴜᴛᴏᴍᴀᴋᴇʀ. ɪᴛ ᴄᴀᴍᴇ ᴛᴏ Iɴᴅɪᴀ ɪɴ 2207 ᴀɴᴅ ʜᴀᴅ ʀᴇᴄᴏʀᴅᴇᴅ sᴀʟᴇs ᴏғ 32,627 ᴠᴇʜɪᴄʟᴇs ɪɴ ᴛʜᴇ ʏᴇᴀʀ.

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