state the role of foreign trade and foreign investment in the development of a country's economy
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1)The foreign trade and foreign investment make the industry to import and export the products
2)This makes to expand the market
3)This makes the alternative sources of income to the peoples
4)This makes the companies to emerge in MNC
5)This makes the great competition among the countries
2)This makes to expand the market
3)This makes the alternative sources of income to the peoples
4)This makes the companies to emerge in MNC
5)This makes the great competition among the countries
Answered by
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the trade between two countries is termed as foreign trade.
Foreign investment is the investment made by mncs in various nations.
They play a vital role in the development of the nation's economy:
1.No country is sufficient in all goods.Exchange of goods amongst countries enables in fulfilling the needs of one and another.
2.Foreign investment brings along employment opportunites and new technology for production in a nation hence, increasing the living standards of the people and the rate of production
3. The foreign trade brings in the required foreign exchange money which is used by the government for setting up welfare schemes for the people.
Hope it was helpful...MARK ME BRAINLIEST....PLZZZZ
Foreign investment is the investment made by mncs in various nations.
They play a vital role in the development of the nation's economy:
1.No country is sufficient in all goods.Exchange of goods amongst countries enables in fulfilling the needs of one and another.
2.Foreign investment brings along employment opportunites and new technology for production in a nation hence, increasing the living standards of the people and the rate of production
3. The foreign trade brings in the required foreign exchange money which is used by the government for setting up welfare schemes for the people.
Hope it was helpful...MARK ME BRAINLIEST....PLZZZZ
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