combination of Import-Export trade is entrepot trade. Justify the statement
Answers
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An import is a good brought into a jurisdiction, especially across a national border, from an external source. ... An importin the receiving country is an export from the sending country. Importation and exportation are the defining financial transactions of international trade.An import is a good or service brought into one country from another. ... Along with exports, importsform the backbone of international trade. If the value of a country's imports exceeds the value of its exports, the country has a negative balance of trade (BOT), also known as a trade deficitAn exporting strategy starts with the products or services that you offer. ... Doing trade and market research on foreign partners, distributors, buyers and customers can help your company get an idea of what products or services can be sold in different markets.
Answer:
Explanation:
When a country import certain goods and export the same goods to another it is known as Entrepot trade.
Yes, Entrepot is a combination of import and export because the country does not buy to use the goods in the county but to re-sell it to the other to earn the profits. It also works as an agent for the distribution of goods.
For example -
Let's assume that XYZ country import goods from one and re-sell it to another country is entrepot.