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Define the function of foreign trade

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Define the function of foreign trade

Posted by C P 6 years, 4 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 6 years, 4 months ago

Foreign trade creates an opportunity for the produces to reach beyond the domestic markets.
Producers can sell their produce not only in markets located within the country but can also compete in markets located in other countries of the world.
For the buyers, import of goods produced in another country is one way of expanding the choice of goods beyond what is domestically produced.

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