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Unit 4 Ch 4 : Globalization and the Indian Economy — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 4 : Globalization and the Indian Economy3 Marks
Question
"Foreign trade is an important component of globalisation." Explain any three points in this regard.
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Answer

  1. Foreign trade implies exchange of goods and services across the countries.
  2. It helps to expand the size of market for producers.
  3. Producers and consumers can get commodities produced in any part of the world.
  4. It works to integrate markets in different countries.

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