Export meaning and Import meaning
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Import and export can be defined as follows:
Explanation:
- In the field of social studies, an import can be described as the goods which are taken by a country from another country. Import can be described as something which is bought from another place, rather than the place where a person lives in.
- On the other hand, an export can be described as any good or service that is sold to another country and it helps in increasing the GDP of a country.
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