Question

how is imbalance in export - import cause by price rise​

Answer 1

Answer:

today’s global economy, consumers are used to seeing products from every corner of the world in their local grocery stores and retail shops. These overseas products—or imports—provide more choices to consumers. And because they are usually manufactured more cheaply than any domestically-produced equivalent, imports help consumers manage their strained household budgets

Answer 2

Answer:

• As the production cost of goods increases in the country,

they become expensive, so the cost of export goods increases.

• Comparatively imported goods become cheap in the market.

• As a result exports decrease and import increases, balance of exchange is distributed.

• Imbalance is created in import and export.

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