Give economy term
Q. Policy providing incentives to exporters.
Answers
ECONOMY GOVERNMENT & POLICY
Export Incentives
By WILL KENTON
Updated Feb 3, 2020
What Are Export Incentives?
Export incentives are regulatory, legal, monetary, or tax programs that are designed to encourage businesses to export certain types of goods or services. Exports are goods that are produced in one country and are then transported to another country for sale or trade.
Exports are an important part of the exporting country's economy, adding to that nation's gross output. Exports can boost sales and profits for a company if the goods create new markets or expand ones that already exist, and may also offer an opportunity to capture global market share. Exports also aid in the creation of jobs as companies expand and grow their workforces.