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    When an economy is open, this basically means
    that it imports and exports goods and services.
    What are the benefits of doing this? First of all, if
    you trade with other economies, you can import
    goods that do not exist in your economy. These
    may be products that your economy cannot
    manufacture, but they may also be raw materials.
    With a wider range of raw materials, an economy
    is able to use its capital and labour to produce a
    wider range of products. In this way, importing
    can actually help an economy grow. What’s more,
    if you allow imports from other countries, then
    you will have trading partnerships. This means
    that you can export to countries. If you have
    customers all over the world, your economy will
    grow faster.

Ответы 1

  • What does it mean to export to countries? What’s more,if you allow imports from other countries, thenyou will have trading partnerships.This meansthat you can export to countries.
    • Автор:

      pogo
    • 6 лет назад
    • 0
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