ENTREPRENEURSHIP

Detailed explanation-1: -Exportation is the process of selling goods in another country.

Detailed explanation-2: -This term “export” is derived from the concept of shipping goods and services out of the port of a country . The seller of such goods and services is referred to as an “exporter” who is based in the country of export whereas the overseas based buyer is referred to as an “importer".

Detailed explanation-3: -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-4: -Exports can be cars, clothes, pencils, heavy machinery, software, or banking services. The limits to exports usually come in the form of government regulation. For example, if the good is needed domestically, the government may restrict exports of the good to regulate domestic supply and prices.

Detailed explanation-5: -Export is defined as an actual shipment or transmission of items out of the United States.