how has foreign trade been Integrating …
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Posted by Gautam Jyala 7 years, 3 months ago
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Gaurav Seth 7 years, 3 months ago
1. Foreign trade creates an opportunity for the producers to reach beyond the domestic markets, i.e., markets of their own countries.
2. The competition is thus not just within the county, but also from the producers of different countries.
3. The buyers also get benefitted as they now have more choices and a wider range of products to choose from.
4. With the opening of trade, goods travel from one market to another. Choice of goods in the markets rises. Prices of similar goods in the two markets tend to become equal.
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