How does foreign trade integrate that markets of different countries?

cbse
economics
globalisation-indian
cbse-class-10
cbse-class-10-social

#1

How does foreign trade integrate that markets of different countries? Explain with examples.

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.