explain import and export?

Answer 1

Imports are the goods that a country buys from another country.
Exports are those goods that are sold for consumption to another country.

Generally, economists are more concerned with net exports, which are exports minus imports.

Answer 2

In Canada, from 1960ish-very recently, many Aboriginal children were adopted internationally during the 60's scoop. Overseas, many potential adoptive parents thought they were doing the Christian thing and adopting an "orphan" or a child without a home. They knew nothing about the attempted genocide of an entire First People's of Canada. They thought that the chlldren were exotic and so they were exported to other countries. Meanwhile, many children, white children, were adopted into Canada at the same time. Also, increased immigration of European families and children occured furing this time. Another example is in a third world country. They export children (babies) as a commodity. They import actual children to do the sweatshop work. Those are the only examples I can think of at this hour.

Answer 3

Explain Import

Answer 4

EXPORTS are goods sold to foreigners. Imports are goods bought from foreigners. This is "visible trade", which is counted in the "trade balance".

"Invisible" exports and imports are SERVICES trades with foreigners.

Answer 5

We import food inside the body and export urine and excrement to our restrooms.

Answer 6

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Money is the 'medium of exchange' ... In your example, China would use our money to buy 'stuff' (like Oil, Iron Ore etc) and 'finished goods' (like Cars, Computers etc) they want from other places, as well as UK .. The other countries who get paid by china then use the money to buy other stuff from yet other places (again, including UK). The 'difference' between 'what we buy' and 'what we sell' is known as the 'balance of trade' .. If we keep buying more 'stuff' than we sell, eventually other countries will buying UK 'assets' - such as Car Factories (MG), Hotels, Banks etc ... they might also 'lend' us our money back again, in exchange of a continuous stream of Interest payments (i.e. buy UK Government 'Gilts') ... and (of course), we can use the money we borrowed back from them to buy even more stuff ... However you right right to say that, in the long term, if we keep buying more than we sell, eventually other countries will stop lending us money = before that happens they will demand we pay HIGHER rates of interest on the borrowings .. this is what is happening to Greece ...