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what are some solutions for importing less and exporting more in a country?
Wiki User
∙ 11y ago
One best solution to lessen the importation of goods and more exportation of good in a country is to strengthen the quality and patronization of local products. Create more quality and reliable product, create ways to promote it to local consumers and compete it with other imported products. Focus more of your country resources in providing more business that provide these kind of local products.
Once you establish a competitive local product industry, you start to lessen the important of products from other countries due to local consumers relying more on the country's own goods. By this, you strengthen your economic stature and other countries may start buying goods from your country through exportation.
Wiki User
∙ 11y ago
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What occurs when the value of a country's exports is less than the value of its imports?
When a country is exporting, in dollars and cents - less than it is importing, that country is running a trade deficit.
Why economics is part of your life?
A healthy economy, in which a country is exporting (selling) more products than it is importing (buying). A healthy economy decreases the price of not only products made in other countries, but also in your home country, as the more of a product a factory makes, the cheaper each individual product is. If a factory is exporting to other countries, it will make even more of a product, to supply demand at home and in other countries, and thus where ever the product is bought, it will cost less than if the factory making it was not exporting it (in which case you could only buy the product in the country where the factory is located). There are other ways the economy effects your life as well, but this is the most obvious and significant, though too many imports can also cause people in the country that is doing the importing to lose their jobs, because the products they make may be cheaper if made in another country.
What states would have the disadvantage with the Constitution?
It depends with each concept in the Constitution. Smaller states would have less of of a say in legislature. Southern states would lose their authority because of the executive branch. And the middle colonies would have to fight for exporting and importing rights free of taxes.
Why are African countries of different development?
If you are meaning why are African counties LEDC's (Less economically developed county) it could be as they are just not as well off as other countries. I do believe there are a few African countries that are MEDC's (More economically developed country) It also has to do with the leaders, trades, the weather. A lot of things contribute to it. How the leaders run the country, the trades importing and exporting of foods, materials, clothing, etc. Also the weather as there is little rain, the crops wont survive to their full potential.
How does importing goods affect the amount of money in circulation?
When you import goods, you pay money to other countries. Less money remains in your country while more money goes to the foreign countries.
Why does the country of bahrain have less oil and a lower GDP per capita than a country like saudi Arabia still the standard of living for its people is higher?
A country like Bahrain does have less oil and a lower GDP per capita than a country like Saudi Arabia because oil is a precious mineral. The standard of living in Bahrain because it does not do a lot of importing like Saudi Arabia.
What are ways international trade benefits individuals living in different countries?
by farming and less importing
Why are public health researchers concerned about exporting health problems associated with developed countries to less developed countries?
The less developed countries don't have the same kinds of medical access to help them deal with diseases, which means that exporting health problems from developed countries to less developed countries could have devastating effects on the less developed countries.
What are the major drawbacks of international marketing by licensing?
(1) it is less flexible than exporting; (2) the firm has less control over a licensee than over its own exporting or manufacturing abroad; and (3) if sales are higher than expected, the licensor's profits are limited
What are solutions to overutilization?
That would be to use less.
Is there solutions of less coltan mining?
yes
How much solute is in diluted solutions?
less then 0.01M
