How foreign trade facilitate the movement of services between countries?
Share
How foreign trade facilitate the movement of services between countries?
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
☆Foreign trade creates an opportunity for the producers to reach beyond the domestic market that is markets of their own countries.
☆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.
☆Similarly, for the buyers import of goods produced in another country is one way of expanding the choice of goods beyond what is domestically produced.
Hope it helps!!☺☺