How has foreign trade been integrating markets of different countries?
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The foreign trade has been integrated markets by import and export of goods. Producers produce the products and they are supplied to many different countries beyond domestic ones via export. Buyers have a many choices to buy because of the import and export of goods and by these it integrate markets.
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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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