Question

Net exports is the difference between exports

Answer 1

Based on the definition of Net exports, net export can be either positive or negative.

What is international trade?

International trade is the exchange of goods between two or more countries. There are two trades involved in international trade;

• Import: This is a situation in which a country buys goods from other countries and brings into their country (buyer country)

• Export: This is when a country sells its product to other countries for the purpose of making profit.

Net export can be positive when export is higher than import an negative when export is less than import.

Learn more about export:

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