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प्रश्न
“Foreign trade results in connecting the markets in different countries.” Support the statement in the context of globalisation.
उत्तर
In general, with the opening of trade, goods travel from one market to another. The 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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संबंधित प्रश्न
What is meant by trade barrier?
“Foreign trade integrates the markets in different countries”. Support the statement with arguments
Why did the Indian Government put barriers to foreign trade and foreign investments after independence? Analyse the reasons.
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(A) Bharat Heavy Electricals Limited
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(C) Steel Authority of India Limited
(D) Business Process Outsourcing
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How has liberalisation of trade and investment policies helped the globalisation process?
Distinguish between investment and foreign investment.
Answer the following question.
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Integration of markets means:
Foreign Trade creates an opportunity for the producers to:
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Which one of the following statements best describes the meaning of 'Globalisation'?
