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How can a deficit actually increase the productivity of the economy?
by importing investment goods used for capital deepening
How can a trade deficit actually increase the productivity of an economy?
by importing investment goods used for capital deepening
How can trade deficit annually increase the productivity of an economy?
by importing investment goods used for capital deepening
How can a trade deficit actually increase of productivity of an economy?
by importing investment goods used for capital deepening
Which of these actions would be encouraged under a capitalist system but discouraged under a mercantilist system?
Importing cheap consumer goods from foreign countries
What is importing and exporting goods illegally called?
Smuggling is the name given to importing and exporting goods illegally.
What actions would be encouraged under a free enterprise system but discouraged under a mercantilist system?
Importing cheap consumer goods from foreign countries
What action would be encouraged under a free enterprise system but discouraged under a mercantilist system?
Importing cheap consumer goods from foreign countries
How exporting and importing can increase foreign exchange?
Exporting and importing goods will increase the chances of greater communication with other countries. The export of local products will be greater if other residing countries enjoy the product and would want to have more exported. It's almost the same with importing other products. If there is a greater demand for it, the country will have to get more from where the product came from.
What is the difference between exporting and importing?
Exporting means sending goods out of the country to sell. Importing means bringing goods into the country to sell.
What is the difference between importing and exporting?
Exporting means sending goods out of the country to sell. Importing means bringing goods into the country to sell.
Not importing goods from other countries or not using imported goods?
nonimportation
