ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -What Is an Import? An import is a good or service bought in one country that was produced in another. Imports and exports are the components of international trade. If the value of a country’s imports exceeds the value of its exports, the country has a negative balance of trade, also known as a trade deficit.

Detailed explanation-2: -: to bring from a foreign or external source: such as. : to bring (something, such as merchandise) into a place or country from another country. : to transfer (files or data) from one format to another usually within a new file. : to bear or convey as meaning or portent : signify. : imply.

Detailed explanation-3: -Imports are any resources, goods, or services that producers in one country sell to buyers in another country.

Detailed explanation-4: -Selling of goods and services from the home country to a foreign country is known as export, while buying of goods and services and bringing them into one’s home country is known as import.

Detailed explanation-5: -One-time import. This handles importing most profile information for both people and organizations. Recurring import. A list or filter shared by another nation can be imported using the recurring import. Voter file import. Ballot import. Scanned survey import. Donation import. Membership import.