Single Answer MCQ
Q-00015741

Which of the following describes 'integration of markets'?

1

Isolated domestic sectors

2

Enhanced connections between different national markets

3

Reduction of foreign trade

4

Complete independence of local industries

Answer and Solution

Answer

B. Enhanced connections between different national markets

Solution:

'Integration of markets' refers to the enhanced connections and interactions between national markets, encouraging trade, investment, and production across borders.

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