Question

What does it mean to import goods?

Answer 1

Answer: C.) Buying goods from another country.

Explanation: Importing goods simply means buying goods from another country, the process is called importation. The country which buys the goods is importing, while the country which sells the goods is involved in a process called exportation. The goods being purchased into a country from another country are called imported goods while the goods being sold to another country are called exported products.

For instance, if country A buys goods from country B, then country A is importing goods from country B, and thus country A is involved in the process of importation, while the selling party, country B is exporting its product or goods to country A.