Question

what is importance of export and import in our daily life​

Answer 1

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.

Explanation:

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Answer 2

Question:-

what is importance of export and import in our daily life?

Answer:-

Exports and imports are the two very important points for the growth of the economy of a country. Not all countries have resources but with import and export, it can improve it's economy. One of the example is Japan. Japan has very few natural resources but because of proper infrastructure and highly skilled workers, it is world's third largest economy.