Question

What are the basic functions of foreign trade

Answer 1

The basic functions of foreign trade : i) Foreign trade creates an opportunity for the produces to reach beyond the domestic markets. (ii) Producers can sell their produce not only in markets located within the country but can also compete in markets located in other countries of the world.

Answer 2

Foreign trade creates an opportunity for the produces to reach beyond the domestic markets. Producers can sell their produce not only in markets located within the country but can also compete in markets located in other countries of the world.

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