2006-11-20 10:50:16 · 4 answers · asked by br110492 1 in Education & Reference ➔ Homework Help
each country produces what they can themselves, and then they import things they can't produce. importing is bad because it means you're giving money to another country, and not to workers in your country.
producing companies are those who produce the biggest majority of things themselves. they also produce extra, so they can sell it to other countries. Iraq is a country that "produces" lots of oil, which they sell to England, China, and America.
America is a consuming country. the majority of things we buy come imported from some other country. this is called a "trade deficit" where we are buying in more than we are selling out.
2006-11-20 11:01:24 · answer #1 · answered by cirque de lune 6 · 0⤊ 1⤋
Most developed countries are both. They can be defined according to whether they import or export more.
Sue
2006-11-20 18:58:46 · answer #2 · answered by newbiegranny 5 · 0⤊ 0⤋
a consumer country consumes more than they produce
a producer country produces more than they consume
2006-11-20 18:59:09 · answer #3 · answered by sweetcha88 3 · 0⤊ 0⤋
If they import more than they export
2006-11-20 18:52:06 · answer #4 · answered by Abigail W 2 · 0⤊ 0⤋