Question

Can intelligence or physical efforts be imported and exported?

If possible, discuss some examples in class.

Answer 1

Yes. Intelligence and physical efforts can be imported and exported in the form of services and skilled labour.

Examples:

1. Software and IT services: Indian IT professionals provide software development and technical services to companies in other countries.
2. Doctors and engineers: Skilled professionals may work abroad and provide their expertise.
3. Construction workers: Labourers may migrate to other countries for construction and infrastructure projects.
4. Teachers and trainers: Educational and professional training services can be provided internationally.
5. Consultancy services: Experts in finance, management, engineering or law may provide services to foreign clients.
6. Sports and entertainment: Players, artists and performers may work in other countries.

Thus, trade is not limited to physical goods. Human skills, knowledge and labour can also be exchanged between countries as services.