Question

Importance of foreign trade in development of Nepal​

Answer 1

Answer:

Foreign trade plays a very important role in the economic development of a country. It promotes economic development by improving competitive capacity, expanding market, and providing modern technology and machineries for industrial and agricultural sector.

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Teevra Aryan Das

Answer 2

Answer:

The main reasons which make foreign trade important for economy of a country or the significance of foreign trade are: It helps in expansion of business and in dissolving monopolistic entities, increasing competition. It also encourages product innovation and brings wider availability goods and services to choose from.

Explanation:

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