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Write three differences in Import and Export.
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Answer:
Import is when a company buys goods from another country, with an aim of reselling it in the domestic market. Export is when a company provides goods and services to the other countries for selling purposes. To meet the demand for goods which are not available in the domestic country.
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Answered by
1
Explanation:
Export refers to selling good services produced in the home country to other markets.
Imports are derived from the conceptual meaning, as to bringing in the goods and services into the port of a country. An import in the receiving country is an export to the sending country.
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