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Q.

[[1]] has been integrating markets of different countries.


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Detailed Solution

Foreign Trade has been integrating markets of different countries.
Foreign trade is the trade between different countries of the world. It has two parts: imports and exports. It is also called international trade, inter-regional trade, or external trade. As it involves two countries in trade, it helps build connections around the world. It gives better opportunities to local sellers and domestic markets. It provides buyers with a great extent of choice between various products. It also facilitates competition within a market and better quality of products. It helps in the movement of goods and services as well as ideas. For instance, cheap and better-quality Chinese toys have been imported to India for a long time, and they have replaced Indian toys instead.
 
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