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SAI INTERNATIONAL SCHOOL
                                               SESSION 2020-21
                                                     CLASS-X

                      ECONOMICS- Ch-4- GLOBALISATION AND THE INDIAN

                                                    ECONOMY
                                                LESSON NOTES
                                                  SUB-TOPIC- 3
                                Foreign trade and integration of markets,
                                             What is Globalisation

                     Benefits of Foreign trade

                           Foreign trade creates an opportunity for the producers to reach
                            beyond the domestic markets.
                           Producers can sell their products not only in markets located
                            within the country but can also compete in markets located in
                            other countries of the world.
                           Similarly, buyers have the options to choose among various
                            goods beyond domestically produced goods.
                           Thus, foreign trade results in connecting the markets or
                            integration of markets in different countries.

                     What is Globalisation
                     Globalisation is the process of rapid integration or interconnection of
                     countries. MNCs are playing a major role in the globalisation process.


                           More and more goods and services, investments and
                            technology are moving between countries.
                           There is one more way in which the countries can be connected.
                            This is through the movement of people between countries.
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