“Foreign trade integrates the markets in different countries.” Support the statement with arguments.[CBSE 2015]
OR
How has foreign trade been integrating markets of different countries? Explain with
Examples. [CBSE 2018]
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.
Couldn't generate an explanation.
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