this is important question of ss....
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Kshitijxingh:
ii) Opening of trade - The opening of trade creates an opportunity for producers to reach beyond the domestic market, by selling their goods within the country as well as around the world.
iii) Opening of trade - The opening of trade creates an opportunity for producers to reach beyond the domestic market, by selling their goods within the country as well as around the world.
iv) Supply chain linkages- Raw materials produced in one country are exported, processed and used for manufacturing in another country. This builds up links in supply chain that stimulate demand in international markets.
v) Price equilibrium - The prices of similar goods in the two markets tend to become equal, in order to survive in the competition.
vi) Competition between Producers - Producers in different countries and markets compete with each other for access to consumers.
OMG
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vii) Balance of payments – Countries may choose to make payments in different modes to offset any imbalances in exports and imports on account of trade with a particular country. For example, current international sanctions against Iran have resulted in the inability of Indian government to pay for oil imports from Iran in dollars. As a result, the payments are now sought to be made in either Indian rupees or through export of goods. Infrastructure investments are also mooted to pay for
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