Question

How has foreign trade been intergating market of different country in the world .Explain with example?

Answer 1

Answer:

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Foreign trade has been integrating markets of different countries, as it allows the producers to cross international boundaries in search of cheap raw materials. The manufactured goods and services can now be sold in various markets of different 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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