Q. 194.8( 4 Votes )

“Foreign trade in

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.


Explanation: Foreign trade has been prevalent since ancient times. It facilitates the exchange of goods and contributes to the business of the producers.


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