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Why foreign trade is necessary?

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Why foreign trade is necessary?

Posted by Aman Yadav 4 years, 11 months ago

CBSE > Class 10 > Social Science

2 answers

Shradha Babar 4 years, 11 months ago

(i)Foreign trade helps our country to compare and compete with other countries. (ii)It also helps us to increase our rate of products (iii)In markets we get choice of new goods

Siddharth Jangid 4 years, 11 months ago

(i) With the opening of trade, goods travel from one market to another. (ii) Choice of goods in markets rises. (iii) Prices of similar goods in two markets tend to become equal. (iv) Producers in the two countries now closely compete against each other even though they are separated by thousands of miles.

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