Question

diffrentiate of import and export​

Answer 1

Answer:

Import, as the name suggests, is the process in which goods of the foreign country are brought to the home country, for the purpose of reselling them in the domestic market.

Conversely, export implies the process of sending goods from the home country to the foreign country for selling purpose.

Answer 2

Explanation:

• Exports refers to selling goods and 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.