The goods produced in excess of a country’s own needs. a) Deficit b) Surplus c) Excess d) Export
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Export
The exports basically bring money into the county with the help of selling goods which is available in excess, into the foreign land.
This eventually increases the country’s GDP.
The countries with excess goods choose to go for exports as they want to increase their exports after they end up fulfilling the need of its own country.
The better they are at exporting, the greater is their competitive advantage in the global business market.
The exports basically bring money into the county with the help of selling goods which is available in excess, into the foreign land.
This eventually increases the country’s GDP.
The countries with excess goods choose to go for exports as they want to increase their exports after they end up fulfilling the need of its own country.
The better they are at exporting, the greater is their competitive advantage in the global business market.
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