Tags Importing and Exporting

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Subjects>Business>Economics

Why is import and export important in country development?

Anonymous

∙ 13y ago

Updated: 9/21/2023

it helps in the countries economy to increased and benefit from the money they get

Wiki User

∙ 13y ago

Still curious? Ask our experts.

Chat with our AI personalities

Rene

Change my mind. I dare you.

Chat with Rene

Devin

I've poured enough drinks to know that people don't always want advice—they just want to talk.

Chat with Devin

Coach

Success isn't just about winning—it's about vision, patience, and playing the long game.

Chat with Coach

Add your answer:

Earn +20 pts

Q: Why is import and export important in country development?

Write your answer...

Submit

Still have questions?

imp

Continue Learning about Economics

What is procedure of export import?

basicall the import and export means to buy the things from outside the country and to sell the things out side the country.

What is the definition of import export?

Import is when you buy something from another country and get it shipped to you. Export is when you sell something to another country and it then ship it

What is the difference between an export and an import?

import is something which is brought into a country over an international boundary, while an export is something which is shipped out of a country over an international boundary.

What is the Relationship between international trade and economic development?

International trade includes export and import. Export strengthens the economy while import weakens the economy. Economic development relies on foreign and domestic trade. A strong export will bolster the economic development.

When a nation's exports exceed its import what is it called?

When a country' import exceed it's export is called Deficit then when a county's export exceed it import is called surplus.

Trending Questions

What effect might social economic and religious conflicts have on a country in France and English? What is the value of a kilo of bronze scrap? What is meant by global localization? Why was hire purchase important in the growth of the us economy? What happens if an indifference curve cross itself? Describe the business and economic problems faced by the Cattlment in the Rise of the Cattle Kingdom? How does scarcity impact economic decisions? Is there neither a shortage nor a surplus when there is a price floor? The opportunity cost of investing is? What is estmation property? Ed bought three sodas at theater if each soda cost 2.60 and he paid with a 20 dollar bill how much change should he get back? Which countries wanted to join the European Union in 2002? What was the Dow Jones Industrial Average on January 1 2011? What is the definition of free trade? What happens to the estate of a trustee if the estate of a trust is insolvent? How does globalization hurt the U.S economy? What an increase in the federal funds rate be expansionary or contractionary? What types of currency are there? What are advantage and disadvantage of trade bank? Why was the postwar suffered from severe economic?

Related Questions

How important is it to import and export nectarines from country to country?

helloo peoplee :)))

Write the difference between export and import?

Export is to send goods out of the country. Import is to bring goods into the country.

What country is wheat an important product?

To import or export? Please be more specific here.

What is procedure of export import?

basicall the import and export means to buy the things from outside the country and to sell the things out side the country.

What is the definition of import export?

Import is when you buy something from another country and get it shipped to you. Export is when you sell something to another country and it then ship it

What is the difference between an export and an import?

import is something which is brought into a country over an international boundary, while an export is something which is shipped out of a country over an international boundary.

What is the difference between import and export?

An import is something our country wants, and pays another country to ship in. An export is something another country wants, and pays our country to ship out.

What is the Relationship between international trade and economic development?

International trade includes export and import. Export strengthens the economy while import weakens the economy. Economic development relies on foreign and domestic trade. A strong export will bolster the economic development.

When a nation's exports exceed its import what is it called?

When a country' import exceed it's export is called Deficit then when a county's export exceed it import is called surplus.

What import and export is all about?

Goods going into and out of a country

Which countries does Kuwait import and export heir products from?

what country does kuwait export oil to

What is a trade surplus?

country export more than they import

Still have questions?

imp

Resources

Top Categories

Product

Company

Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.