How imports and exports can have an impact on the economy

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Reference no: EM13826480

Question-

The purpose of this question is to become familiar with the terms import and export, and then discuss advantages or disadvantages of buying imports versus buying domestic products in relation to the fashion industry.

First, post the definitions of import and export, and give examples of a chosen company and product for 1 import and 1 export item.
Advocate either buying imports or buying domestically for retailing the item.

Describe in detail 2 arguments to defend your point of view.

Additional Information-

The question is from Economics and the question is explains about imports and exports. How imports and exports can have an impact on the economy. And the impact of imports and exports has been discussed in the answer along with some examples.

Word limits- 600

Reference no: EM13826480

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