question_answer

  Explain with an example how the opening up of foreign trade results in connecting the markets of different countries. Or How does foreign trade lead to integration of markets across countries? Explain with an example other than those given here.

Answer:

                  Foreign trade provides opportunities for both producers and buyers to reach beyond the markets of their own countries. Goods travel''fr6m'''one colintry to another. Competition among producers of various countries as well as buyers prevails. Thus, foreign trade leads to integration of markets across countries. For example, during Diwali season, buyers in India have the option of choosing between Indian and Chinese decorative lights and bulbs. So, this provides an opportunity to expand business.