“Foreign trade is an important component of globalization”. -SST 10th

“Foreign trade is an important component of globalization”. -SST 10th
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(i) Foreign trade implies exchange of goods and services across the countries.  (ii) It helps to expand the size of market for producers.  (iii) Producers and consumers can get commodities produced in any part of the world.  (iv) It works to integrate markets in different countries.
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Last Answer : 1. Foreign trade creates an opportunity for the producers to reach beyond the domestic markets, i.e., markets of their own countries. 2. The competition is thus not just within the county, but also ... and lights in India, which led to a lowering of prices of these products in both the countries.

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Description : In which year did the government decide to remove barriers on foreign trade and investment in India ? -SST 10th

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what were the reasons for putting barriers to foreign trade and foreign investment by the Indian government ? -SST 10th

Description : what were the reasons for putting barriers to foreign trade and foreign investment by the Indian government ? -SST 10th

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Description : Why did India put barriers on foreign trade and investment after independence? -SST 10th

Last Answer : Soon after independence India put barriers on foreign trade and independent to create a large industrial base which helped in increasing the industrial production. Policies were changed in 1991 ... (b) Reduce the problems like unemployment, poverty, inflation etc. and support industrialisation.

What is the meaning of liberlization of foreign trade ? -SST 10th

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Last Answer : Liberalisation of foreign trade means removing barriers or restrictions put by the government on the import and export of goods. Indian government had put barriers to foreign trade and ... put in competition with international products. (b) To enhance industrialisation and foreign exchange.

How could you distinguish between ‘foreign trade’ and ‘foreign investment’ ? -SST 10th

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Why had the Indian Government put barrier to foreign trade and foreign investment after independence? State any one reason. -SST 10th

Description : Why had the Indian Government put barrier to foreign trade and foreign investment after independence? State any one reason. -SST 10th

Last Answer : The Indian government, after Independence, had put barriers to foreign trade and foreign investment because this was considered necessary to protect the producers within the country from foreign competition.

What is basic function of foreign trade? -SST 10th

Description : What is basic function of foreign trade? -SST 10th

Last Answer : Foreign trade creates an opportunity for the producers to reach beyond the domestic markets, i.e., markets of their own countries.

The Indian government removed barriers on foreign trade and foreign investment to a large extent. What does this mean? -SST 10th

Description : The Indian government removed barriers on foreign trade and foreign investment to a large extent. What does this mean? -SST 10th

Last Answer : This means that goods could be imported and exported easily and also foreign companies could set up factories and offices here.

What are the benefits of foreign trade? -SST 10th

Description : What are the benefits of foreign trade? -SST 10th

Last Answer : Benefits of foreign trade are: (i) With the opening of trade, goods travel from one market to another. (ii) Choice of goods in markets rises. (iii) Prices of similar goods in two ... in the two countries now closely compete against each other even though they are separated by thousands of miles.

Differentiate between foreign trade and foreign investment. -SST 10th

Description : Differentiate between foreign trade and foreign investment. -SST 10th

Last Answer : Differentiation between foreign trade and foreign investment are:

Explain with examples how the opening up of foreign trade results in connecting the markets in different countries. -SST 10th

Description : Explain with examples how the opening up of foreign trade results in connecting the markets in different countries. -SST 10th

Last Answer : Foreign trade provides opportunities for both producers and buyers to reach beyond the markets of their own countries. Goods travel from one country to another. Competition among producers of various ... and Chinese decoratiVe lights and bulbs. So, this provides an opportunity to expand business.

How was foreign trade from India conducted before the age of machine industries? Explain. -SST 10th

Description : How was foreign trade from India conducted before the age of machine industries? Explain. -SST 10th

Last Answer : (i) Before the age of machine industries, silk and cotton goods from India dominated the international market in textiles. Coarser cotton was produced in many countries, but the finer ... Masulipatnam on the Coromandel Coast and Hooghly in Bengal had trade links with Southeast Asian ports.

Why had the Indian Government put barrier to foreign trade and foreign investment after independence ? -SST 10th

Description : Why had the Indian Government put barrier to foreign trade and foreign investment after independence ? -SST 10th

Last Answer : The protect the producers within the country from foreign competition.