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Why foreign trade is necessary? |
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Answer» (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 (i) With the opening of\xa0trade, 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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