Kingsley
Valued Contributor
For any economy to really thrive it must have alot to do with importation and exportation as there are areas where a country will certainly have comparative advantage over others and there will some other areas of absolute advantage as propounded by Adams Smith and David Ricardo.
For many they might consider importation as the process of bringing in goods and services into a country, from another country. Sometimes goods brought in are sold at a lower or higjer price depending on the absolute or comparative advantage of the country. Of course we kmow high level of importation does the economy of a country no good.
While exportation is the process of sending goods and service of a country to another country. This indeed brings benefit to a country as it attracts foreign exchange.
Which do you consider better?
For many they might consider importation as the process of bringing in goods and services into a country, from another country. Sometimes goods brought in are sold at a lower or higjer price depending on the absolute or comparative advantage of the country. Of course we kmow high level of importation does the economy of a country no good.
While exportation is the process of sending goods and service of a country to another country. This indeed brings benefit to a country as it attracts foreign exchange.
Which do you consider better?