How was the foreign trade been integrating marketing different countries explain
Answers
Answer:
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:
=> 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: