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ElenaW [278]
3 years ago
12

Explain the difference between imports and exports.

Business
1 answer:
Colt1911 [192]3 years ago
7 0

Answer:

Exports are the goods and services a nation produces and sells to other nations: imports are the goods and other services a nations buys from other nations.

Explanation:

All goods or services produced within the borders of a country are local products. If the local producer sells the products outside the boundaries of that country, those are exports.

If residents of a country buy goods or services made in other countries, those products are imports. Imports may be for consumption or materials to produce other goods.

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