What is the basic of foreign trade-It connects markets of different countries-It connects markets of two countries only-It creates opportunities only the buyer to approach foreign goods-Foreign trade connects developed countries only-

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Toppr Admin · Accepted Answer

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 -xA0-different countries-

What is the basic function of foreign trade?It connects markets of different countries.It connects markets of two countries only.It creates opportunities for only the buyer to approach foreign goods.Foreign trade connects developed countries only.

What is the basic function of foreign trade?
It connects markets of different countries.
It connects markets of two countries only.
It creates opportunities for only the buyer to approach foreign goods.
Foreign trade connects developed countries only.