Exports and Imports
|It is the selling of domestically produced goods and services to any foreign country.||It is the buying of internationally produced goods and services by the domestic country.|
|In exports, goods flow out of the economy.||In imports, goods flow into the economy.|
|Here, foreign exchange is earned by the economy.||Here, foreign exchange flows out of the economy.|
Concept: Difference Betweeen Export and Import
Is there an error in this question or solution?