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Question
"Foreign trade has been the main channel of connecting countries for a long time." Analyse the statement.
Solution
- Foreign trade creates an opportunity for the producers to reach beyond the domestic markets.
- Producers can sell their produce not only in markets located within the country but can also compete in markets located in other countries of the world.
- It contributes to enhancing the range of goods available beyond the domestic market.
- Extremely useful for extensive trade.
- Various trading firms are drawn to the trading interest.
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