CBSE BOARD X, asked by praveenrandy1558, 1 year ago

How has foreign trade been intergrating markets if different countries

Answers

Answered by PawanBk
5
For a long time foreign trade has been the main channel connecting countries.
Even as early as the 8th century extensive trade took place between South Asia, including India, and the East and West.
Trading interests attracted various trading companies such as the east India Company to Indi.
Foreign trade created an opportunity for the producers to reach beyond the domestic markets and market their goods in other countries of the world.
This resulted in the movement of goods and people.
With the liberalization of foreign trade , electronic goods, like digital cameras and lap top computers have flooded the Indian market from foreign countries.
The same time Indian textiles and leather goods are available all over the world. So foreign trade has led to integration of markets.
Answered by yakshitakhatri2
1

☼ 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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