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If you are exporting and your local currency becomes strong then your products become more expensive for your buyers. If you are importing and your local currency becomes weak then the products you are importing become more expensive.
What else can I help you with?
What is good for a country Export or Import?
Both importing and exporting are good for a country and the economy. Importing bring (goods or services) into a country from abroad for sale. Exporting refers to selling goods and services produced in the home country to other markets. Both bring income to the country.
When does the economy get bad?
The economy only gets bad when a country's population shrinks, and elderly people stop working. If elderly people still work in a country with a declining population, it doesn't affects the economy.
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.
What causes a command economy to stagnate or decline?
the leader making a mistake which then affects the whole country in a negative way.
How could importing be considered a good way to establish relationships with other countries?
If you are importing goods from Another Country, you are helping to support their economy and helping to keep their workers employed.
What is good for a country Export or Import?
Both importing and exporting are good for a country and the economy. Importing bring (goods or services) into a country from abroad for sale. Exporting refers to selling goods and services produced in the home country to other markets. Both bring income to the country.
What resulted from Lenins new economic policy?
Russia's devastated economy began to recover.Russia was forced to begin importing food products.Russia was forced to begin importing food products.
What affects cash?
The Economy effect cash flow the most. Also inflation, and country to country relations.
How sensex affects the Indian economy?
sensex doesnt affects economy but economy affects sensex
When does the economy get bad?
The economy only gets bad when a country's population shrinks, and elderly people stop working. If elderly people still work in a country with a declining population, it doesn't affects the economy.
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.
What causes a command economy to stagnate or decline?
the leader making a mistake which then affects the whole country in a negative way.
When a country brings in goods that were made in another country what is it doing?
importing
Who gains from a tariff on a good not produced domestically?
The country importing the good. This tarrif helps the importing country by increasing tax revenue that can used for other services.
How does the economy affect business?
how does economy affects business
