what could be the effects of foreign trade on farmers income????
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what could be the effects of foreign trade on farmers income?
Through exports increases the profits of the farmers. They get to participate at an international level. This increases the competition leading to production of good quality products.
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Explanation:
The effects of foreign trade on the farmer's income can be of the three types: 1. It can lead to an increase in the income of the farmer. ... Such small farmers will not be able to withstand the increase in the competition and they will not survive in the market.
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