What is the basic function of foreign trade??
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12
(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.
(iii) For the buyers, import of goods produced in another country is one way of expanding the choice of goods beyond what is domestically produced.
(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.
(iii) For the buyers, import of goods produced in another country is one way of expanding the choice of goods beyond what is domestically produced.
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7
basic function of foreign trade:-
1It increase our country GDP
it decrease Unemployment
it introduce new technology in our country
1It increase our country GDP
it decrease Unemployment
it introduce new technology in our country
Shubhamjaggi:
Thnx
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