alleryWhen Indian rice is exported to Saudi Arabia AND Thai rice is imported into India, the chapter calls this:
ALiberalisation of the rice market sector
BPrivatisation of the food supply chain
CForeign trade integrating markets
DEstablishment of an MNC in agriculture
Answer & Solution
Correct answer: C. Foreign trade integrating markets
Foreign trade links the markets of two countries: producers from one country sell to the other
consumers get a wider choice.
Indian textiles, rice, garments compete with foreign ones in this integrated market.
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