0
Countries import things that they need but can't produce themselves. For example, let's say I have a country called Gonwalla. I have lots and lots of fertile farmland and a great climate, so my nation produces far more food than my people could ever eat.
However, I don't have any metal resources. You happen to have a nation called Burugo, which has numerous copper, iron, and nickel mines. Burugo produces very little food, though, because most of its land is barren desert.
So, I send you some food, and you send me some metal. Now we both have what we need, and everybody's happy.
At least, this is a simplified explanation of importing and exporting.
Wiki User
∙ 12y ago
Wiki User
∙ 13y agoto make money
Add your answer:
Earn +20 pts
What is known as imports and exports?
Imports are goods or services brought into a country from another. Exports are goods and services sold to other countries.
What goods are brought into one country from another?
Imports
What are goods bought from other countries called?
imports
What is the single word for goods taken into a country?
Imports.
Which term is defined as goods bought from other countries?
imports
What are Serbian imports?
Serbia's main imports are fuel, capital goods, and transport equipment.(: Serbia's main imports are fuel, capital goods, and transport equipment.(:
Most tariffs are placed on?
imported goods such as trading and imports
What are imports?
Goods that a country purchases and receives from another country are known as imports.
What is known as imports and exports?
Imports are goods or services brought into a country from another. Exports are goods and services sold to other countries.
When a nation receives goods from another country the goods are?
they are called imports
What do you call goods bought from another country?
exportsAdded; Goods sold TO other countries would be EXPORTS. Goods FROM other countries sold here would be imports.
How would you define imports?
goods and services bought from other countries are called imports.
What are goods purchased from other nations?
imports
What do you call goods that are brought into the US?
Imports
What is the word for Goods taken into a country?
Imports.
What are Guatemala's imports?
Guatemala imports various things that include electricity and fuels. Other imports are construction materials, capital goods, intermediate goods, grain, fertilizers, transport equipment, and machinery.
What is united state imports?
The United States imports goods and services today worth millions of dollars. Some common goods that the United States imports is crude oil, natural gas, and petroleum products.
