SSC
PHYSICAL GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Imports and exports of a country. Which area of geography does this fall under?
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Physical Geography
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Human (social)
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Human (economic)
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Human (political)
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Explanation:
Detailed explanation-1: -The import of a product is defined by the purchase of a product that was manufactured in a foreign country. Countries import goods that can be more effectively and cheaply produced by another country. On the contrary, the export of a good relates to the sale of a domestically manufactured good in a foreign market.
Detailed explanation-2: -Accounting for Trade A country’s balance of payments (BOP) is a record of all the economic transactions between a country and all other countries. It records all imports and exports.
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