Question

If the imports are higher than export what will the difference?​

Answer 1

A country that imports more goods and services than it exports in terms of value has a trade deficit or a negative trade balance. Conversely, a country that exports more goods and services than it imports has a trade surplus or a positive trade balance.

Answer 2

Answer:

Importing is a way of earning income. it is profitable. Imports dominate more in a country. Importing goods to other countries earns a large amount of income. Exporting goods does not make profit In income. It only reduces our income level. In this way importing is higher than exporting.

Explanation:

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