Foreign Trade and Integration of Markets
Foreign Trade and Integration of Markets
Foreign Trade and Integration of Markets: Foreign Trade is a trade between the different countries of the world. It is also called international trade, external trade or inter-regional trade. It consists of imports, exports and entrepot.
Import - Buying goods From another Countries .
Export - Selling goods To another Countries .
Entrepot - Buying Goods from another countries & re-export them to another one without incurring liability for duty.
Integration of Markets occurs through foreign trade, when goods from the market in one country travel to the market in another country, thus connecting them. Since earlier times, foreign trade has been connecting the different countries. Early trade routes helped in connecting Asia to the rest of the world. These trade routes not only facilitated movement of goods, but also movement of people and ideas. Later on, trading interests attracted various trading companies such as the East India Company was attracted towards India,
Thus, foreign trade creates an opportunity for producer reach beyond the domestic markets and competes in markets located in other countries of the world. Similarly, the buyer has more choice of goods, beyond domestically production goods. With the opening of trade, goods travel from one market another and choice of goods in the markets rises. Prices similar goods in the two markets tend to become equal. Producers in the two countries compete against each of even though they are separated by thousands of miles. Thus foreign trade results in connecting the markets or integration of markets in different countries.
Chinese Toys in Indian Market: Chinese manufacturers export plastic toys to India because Indian toy cost very high price. Chinese toys have low prices and new design compared to Indian toys: So, Chinese toys have replaced Indian toy in most shops. Chinese toys came into the Indian markets due trading. In the competition between Indian and Chinese toys, Chinese toys prove better because of lower prices and great variety. For the Chinese toy makers, this provides an opportunity to expand business On the other hand Indian toy makers face losses, as their toys are selling much less.
Students / Parents Reviews [10]
My experience was very good with Abhyas academy. I am studying here from 6th class and I am satisfied by its results in my life. I improved a lot here ahead of school syllabus.
Ayan Ghosh
8thBeing a parent, I saw my daughter improvement in her studies by seeing a good result in all day to day compititive exam TMO, NSO, IEO etc and as well as studies. I have got a fruitful result from my daughter.
Prisha Gupta
8thI have spent a wonderful time in Abhyas academy. It has made my reasoning more apt, English more stronger and Maths an interesting subject for me. It has given me a habbit of self studying
Yatharthi Sharma
10thAbhyas is a complete education Institute. Here extreme care is taken by teacher with the help of regular exam. Extra classes also conducted by the institute, if the student is weak.
Om Umang
10thA marvelous experience with Abhyas. I am glad to share that my ward has achieved more than enough at the Ambala ABHYAS centre. Years have passed on and more and more he has gained. May the centre flourish and develop day by day by the grace of God.
Archit Segal
7thOne of the best institutes to develope a child interest in studies.Provides SST and English knowledge also unlike other institutes. Teachers are co operative and friendly online tests andPPT develope practical knowledge also.
Aman Kumar Shrivastava
10thMy experience with Abhyas is very good. I have learnt many things here like vedic maths and reasoning also. Teachers here first take our doubts and then there are assignments to verify our weak points.
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7thMy experience with Abhyas academy is very good. I did not think that my every subject coming here will be so strong. The main thing is that the online tests had made me learn here more things.
Hiya Gupta
8thAbout Abhyas metholodology the teachers are very nice and hardworking toward students.The Centre Head Mrs Anu Sethi is also a brilliant teacher.Abhyas has taught me how to overcome problems and has always taken my doubts and suppoeted me.
Shreya Shrivastava
8thAbhyas Methodology is very good. It is based on according to student and each child manages accordingly to its properly. Methodology has improved the abilities of students to shine them in future.
