What is import and export?

Question

Accepted Answer

Import and export refer to the processes of bringing goods or services into a country or sending them out of a country.

Import is the act of bringing goods or services into a country from another country.
Export is the act of sending goods or services out of a country to another country.
Import and export are essential components of international trade and contribute to the global economy.
Examples of imports include foreign cars, electronics, or raw materials needed for production.
Examples of exports include agricultural products, manufactured goods, or services like tourism.
Import and export regulations, tariffs, and trade agreements impact the flow of goods and services between countries.

Accepted Answer

import means :-where a country buys goods ans services from other countries.
export means:-sells goods and services to other countries

Accepted Answer

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