Distinguish between Exports and Imports.

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Solution

BASIS FOR
COMPARISON IMPORT EXPORT
Meaning
Import is when a company buys goods from another country, with the aim of reselling it in the domestic market.
Export is when a company provides goods and services to other countries for selling purposes.
Objective To meet the demand for goods which are not available in the domestic country.
To increase the market share or global presence.
Represents High level of import is an indicator
of robust domestic demand. A high level of export is an indicator of a trade surplus.

BASIS FOR COMPARISON	IMPORT	EXPORT
Meaning	Import is when a company buys goods from another country, with the aim of reselling it in the domestic market.	Export is when a company provides goods and services to other countries for selling purposes.
Objective	To meet the demand for goods which are not available in the domestic country.	To increase the market share or global presence.
Represents	High level of import is an indicator of robust domestic demand.	A high level of export is an indicator of a trade surplus.

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