Question

How is foreign trade interlinking markets of different countries? Explain with example.

Answer 1

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. With many MNCs in the market, the consumer now has a wide range of products coming from different nations to choose from.  Foreign trade therefore, interlinks various markets across the 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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