Importing
Definition
This term refers to bringing goods or resources from one country into another for sale or use.
Analogy
Imagine you are shopping online and you want to order something from another country. You import it when it arrives at your doorstep.
Related terms
Exporting: Sending goods or resources from one country to another for sale or exchange.
Trade: The buying and selling of goods between countries.
Tariffs: Taxes placed on imported goods in order to protect domestic industries.
"Importing" appears in:
Subjects (1)
Practice Questions (1)
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