Q. 74.7( 3 Votes )
How does foreign trade lead to the integration of markets across countries? Explain with an example other than those given in this chapter.
Foreign trade has been the foremost factor of linking two nations. Even in past trading led to the discovery of many nations. British came to India with the lure of trading in the Indian market.
When a trade occurs goods travel from one nation to another nations’ market, competition increases in the market and choices of goods in market increases. The producers from two different countries with each other although they are separated by miles.
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Match the following.
(i) MNCs buy at cheap rates from small
(ii) Quotas and taxes on imports are used to
(iii) Indian companies who have
(iv) IT has helped in the spreading of
(v) Several MNCs have invested in setting
(a) Automobiles producers
(b) Garments, footwear, sports regulate trade items
(c) Call centers
(d) Tata Motors, Infosys, Ranbaxy production of services
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Fill in the blanks.
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