answersLogoWhite

0

No, the economy is built on trade and the circulation of money, by buying the goods you help the economy. By supporting a developing country's goods by buying them you help create demand for their industries and thus support their economy.

User Avatar

Wiki User

15y ago

What else can I help you with?

Continue Learning about Economics

What are imports and exports and why are they important?

How economy relies on this section. America needs other countries to by our goods just as other countries need sus to by there goods. The Imports exports is an important econoic indicator that the world ecomy is doing good. If everyone's buying each others stuff then the economy is doing good.


Why does China sell goods to other countries?

All countries sell goods to other countries, if they have goods to sell. Not every country has everything, so by selling their wares, the country can buy things that they don't have. Also, it is a way of building their economy; the more they sell, the richer they become.


Why was the u.s. economy so important to the world economy in the 1920s?

Why was the U.S. economy so important to the world economy in the 1920s? U.S. factories produced half of the world's industrial goods. The United States owed money to other countries at that time. U.S. citizens imported more goods than any other country. The United States was owed money by other countries.


Why was the economy so important to the world economy in the 1920s?

Why was the U.S. economy so important to the world economy in the 1920s? U.S. factories produced half of the world's industrial goods. The United States owed money to other countries at that time. U.S. citizens imported more goods than any other country. The United States was owed money by other countries.


How much do goods cost in other countries?

It depends on what kind of goods, and the quantity of goods - and what other countries!

Related Questions

What are imports and exports and why are they important?

How economy relies on this section. America needs other countries to by our goods just as other countries need sus to by there goods. The Imports exports is an important econoic indicator that the world ecomy is doing good. If everyone's buying each others stuff then the economy is doing good.


When an economy is so rich that it can provide goods to other countries it establishes a system of sending the goods to them in other words its what the goods?

It's called exporting goods to different countries.


When an economy is so rich that it can provide goods to other countries it establishes a system of sending the goods to them in other words?

export daa!


Should the us stop buying goods from other countries?

You will hear both sides of the argument. People will say yes we should stop buying goods from other countries because we need to bring jobs back home and create our own products. Others will say no we shouldn't stop buying goods from other countries because we can save tons of money by using cheap labor from underdeveloped countries; it will be too expensive to make products in our own country compared to these countries we currently use laborers from.


Why does China sell goods to other countries?

All countries sell goods to other countries, if they have goods to sell. Not every country has everything, so by selling their wares, the country can buy things that they don't have. Also, it is a way of building their economy; the more they sell, the richer they become.


Why was the u.s. economy so important to the world economy in the 1920s?

Why was the U.S. economy so important to the world economy in the 1920s? U.S. factories produced half of the world's industrial goods. The United States owed money to other countries at that time. U.S. citizens imported more goods than any other country. The United States was owed money by other countries.


Why was the economy so important to the world economy in the 1920s?

Why was the U.S. economy so important to the world economy in the 1920s? U.S. factories produced half of the world's industrial goods. The United States owed money to other countries at that time. U.S. citizens imported more goods than any other country. The United States was owed money by other countries.


Why was the U.S. economy so important to the world economy in 1920s?

Why was the U.S. economy so important to the world economy in the 1920s? U.S. factories produced half of the world's industrial goods. The United States owed money to other countries at that time. U.S. citizens imported more goods than any other country. The United States was owed money by other countries.


Why was U.S economy so important to the world economy in the 1920s?

Why was the U.S. economy so important to the world economy in the 1920s? U.S. factories produced half of the world's industrial goods. The United States owed money to other countries at that time. U.S. citizens imported more goods than any other country. The United States was owed money by other countries.


Why was U.S. economy so important to the world economy in the 1920s?

Why was the U.S. economy so important to the world economy in the 1920s? U.S. factories produced half of the world's industrial goods. The United States owed money to other countries at that time. U.S. citizens imported more goods than any other country. The United States was owed money by other countries.


Why was the U.S. economy so important to the world economy in 1920?

Why was the U.S. economy so important to the world economy in the 1920s? U.S. factories produced half of the world's industrial goods. The United States owed money to other countries at that time. U.S. citizens imported more goods than any other country. The United States was owed money by other countries.


Were the Navigation Acts were intended to strengthen the shaky economy of the colonies?

No, they were to restrict the colonies from selling/buying goods to / from other countries. The English didn't want France, Spain, or the Dutch to profit from the items or raw materials from the colonies and they wanted to keep the colonies from buying from them too.