How do countries decide what goods to export and import?
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Answered by
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Heya...
Countries decides what to export...
In the country which goods are in surplus and are demanding by rest of the world ....So country export that goods....
Examples ...Dry fruits and tea in India..
Countries decides what to import....
In the country there is a shortage of which good and more of interior demands in nation ....So country have to import that one goods....
Examples ... Crude oil in India....
Countries decides what to export...
In the country which goods are in surplus and are demanding by rest of the world ....So country export that goods....
Examples ...Dry fruits and tea in India..
Countries decides what to import....
In the country there is a shortage of which good and more of interior demands in nation ....So country have to import that one goods....
Examples ... Crude oil in India....
Answered by
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it depends on the production as it is more than the country exports and if the production is less then the country decides to import.
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