Foreign trade integrates the markets in different countries.' Support the statement with arguments. -SST 10th

Foreign trade integrates the markets in different countries.' Support the statement with arguments. -SST 10th
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1 Answer

Answer :

Foreign trade integrates markets in different countries:  1. After the trade, goods travel between countries and goes beyond the domestic market. 2. The choices of good increases for the people and the price of similar goods usually become equal. 3. Producers who produce similar goods start to compete even though there is a huge distance between them.
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Related questions

How does foreign trade integrate that markets of different countries? -SST 10th

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Last Answer : Integration of Foreign markets: . Producers reach beyond the domestic market. . Producers compete with markets located in other countries of the world . There is expansion of choice of goods beyond the domestic market. . Produces in the two countries closely compete against each other.

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How does foreign trade integrate the markets of different countries? -SST 10th

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Last Answer : Foreign trade is the main channel which connects the markets of various countries. Foreign trade lead to integration of markets across the countries as follows : (a) Creates opportunities for ... ) Producers of different countries compete with each other although they are thousands of miles away.

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