Question

What are the benefits of foreign trade to producers and consumers

Answer 1

foreign trade help the producers to find a new market internationally .now they can sell their products world wide thus this will enhance their revenue.
it will be helpful for consumers as theu now are getting variety of products to choose from
they do not only have to bre dependent on indian companies many new mnc are entering in the market which will give a cut throat competition to indian companies thus as the result consumers will be getting good quality products

Answer 2

Consumers and producers be benefited from foreign trade as-:

>This will help them to import or purchase raw materials at cheaper rate.

>The processing of the raw material can be done in other country or region with cheaper labour.

>This will enhance the profit of producers and consumers.

Example-Many (MNCs) are a good example of this kind of foreign trade.

Thank you