Economy, asked by veenita9939, 1 year ago

What are the limitations of exporting and importing?

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Answered by geneva93
0
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\mathfrak{\green{Answer.}}Exports and imports are important for the development and growth of national economies because not all countries have the resources and skills required to produce certain goods and services. Nevertheless, countries impose trade barriers, such as tariffs and import quotas, in order to protect their domestic industries.
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