ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Export refers to a product or service produced in one country but sold to a buyer abroad. Exports are one of the oldest forms of economic transfer and occur on a large scale between nations.
Detailed explanation-2: -Exporting is when you produce a good or service in your home country and sell it to customers or other businesses in another country.
Detailed explanation-3: -Goods and services produced in one country but supplied to buyers in another are known as exports. International trade is made up of exports and imports. Exports: An Overview. Exports are critical to market democracies because they provide people and businesses with access to a larger market for their products.
Detailed explanation-4: -In economics, exporting is the practice of producing a good or service in one country and selling it to consumers in another country.
Detailed explanation-5: -Export businesses can mainly be classified into three categories: Manufacturing – Export Units, Export Traders and. Service Export Units.