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How do foreign trade help in integration of market of different countries?

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Class 10th Important Question

CBSE 2022-2023

NCERT Social Science

Class 10th Economics CH: 4

CH:4 Social Science, Economics

Important Question for Board class 10th SST CH:4

Important Very Short Answer

Important Question Class 10th SSt Globalisation and the Indian Economy

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  1. In general, 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. And, producers in the two countries now closely compete against each other even though they are separated by thousands of miles Foreign trade thus results in connecting the markets or integration of markets in different countries.

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