Regarding imports and exports and their impact on nation’s economy.

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Well, I really wanna know that how do imports and exports effect nations’s economy and its currency. I’ve been reading some articles regarding third world economy and have educated myself about how a country cuts down its imports and increases its exports to cope up with economic challenges, but how does it work? Thanks in advance.

In: Economics

3 Answers

Anonymous 0 Comments

Import = you buy stuff
Export = you sell stuff you produce

Less import = less buying
More export = more selling

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