How has foriegn trade been integratinting market of different countryies ? Explain with example.
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because of European countries
manmohan6812p5iir5:
Bhi ye 5marks ka question hai
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1. Foreign trade provides an opportunity to both producers and consumers to reach beyond domestic market.
2. Goods travel from one country to another and there is a huge competition among producers.
3. For example - during Diwali season Indian producers have the option of selecting between the Indian and chinese decorative lights.
4. Example : Consumers have a wide variety of choice in cell phones and electronic items like television, refrigerator, washing machine etc.
2. Goods travel from one country to another and there is a huge competition among producers.
3. For example - during Diwali season Indian producers have the option of selecting between the Indian and chinese decorative lights.
4. Example : Consumers have a wide variety of choice in cell phones and electronic items like television, refrigerator, washing machine etc.
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