Question

what do you mean by import trade


answer.
buying the goods and services from abroad for home consumption is called imporr trade
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Answer 1

Answer:

• The import trade is referred to goods and services purchased into one nation from another. The word “import” originates from the word “port” considering the fact that the products are frequently transported via ship to foreign countries. Similar to exports, imports are also the backbone of international trade.

Answer 2

Answer:

import trade is the trade in which the goods and sevices are purchased or buy from another country to our own country