Summary

This document covers international trade, explaining it as the exchange of products and services between countries. It notes that imports enter a country while exports leave it, comprising goods and services in both directions.

Full Transcript

and TRADE International Trade Refers to the exchange of products and services from one country to another. In other words, imports and exports. International trade consists of goods and services moving in two directions: 1. Imports – flowing into a country from abroad. 2. Exports – flowing out of...

and TRADE International Trade Refers to the exchange of products and services from one country to another. In other words, imports and exports. International trade consists of goods and services moving in two directions: 1. Imports – flowing into a country from abroad. 2. Exports – flowing out of a country and sold overseas.

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