Import
A product sent to another country and sold is called an "export." Exports are goods or services produced in one country and sold to buyers in another, contributing to the exporting country's economy. The process often involves international trade regulations and tariffs.
Purchasing products from other countries is generally called importing. Exporting is when you ship products out from your own country to others. Illegally purchasing products from another country and sneaking them is is called smuggling.
Imports
manufacturing business
Bringing an item from another country is called "importing." This process involves the legal act of bringing goods or services into a country from abroad for the purpose of selling them. Importing can be subject to regulations, tariffs, and customs duties imposed by the destination country.
An ImportGoods are exported out of a country and imported into a different country. Goods that are brought in are called imports.An import is a good brought into one country from another.
exporting
Import.
When one country can produce a product more cheaply than another country this is called comparative advantage. When one country can produce more goods than another using an equal amount of resources, this is called absolute advantage.
comparative advantage
comparative advantage
A product sent to another country and sold is called an "export." Exports are goods or services produced in one country and sold to buyers in another, contributing to the exporting country's economy. The process often involves international trade regulations and tariffs.
commodity
A tax on products being brought into a country is called an "import duty" or "tariff." This tax is imposed by the government to regulate foreign goods entering the market, protect domestic industries, and generate revenue. The rates can vary depending on the type of product and the country of origin. Import duties can influence trade practices and consumer prices.
When you leave a country it is called emigration.When you arrive in a country it is called immigration.
The Makita Router is a product from an eastern country called Estonia. Makita router is named after a village called Makita which is in the country Estonia.
Australia