Question

Distinguish between import and export taxes

Answer 1

Answer:

What is the meaning of the disgusting

Explanation:

Answer 2

Answer: Import:

1. Import is that form of trade in which goods are bought by a domestic company from other countries for the purpose of selling it in the domestic market.
2. To meet the demand for goods which are not available in the domestic country
3. High level of import is an indicator of robust domestic demand.

Export:

1. export implies a trade in which a company sells goods to other countries which are manufactured domestically
2. To increase the market share or global presence.
3. High level of export is an indicator of trade surplus.