Single Answer MCQ
Q-00015751
What defines 'foreign trade' in the context of globalisation?
1
Exporting goods only
2
Buying and selling goods between countries
3
Foreign investment in local companies
4
Local production for global markets
Answer and Solution
Answer
B. Buying and selling goods between countries
Solution:
Foreign trade refers to the buying and selling of goods and services between countries. This is crucial to globalisation, as it directly links economies.
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