International Trade

• Export and import are the 2 major ways of international ways

• Export is when you produce goods or services globally

• Import is when you are produced goods and service from foreign countries

Export Properties

• Export is basically producing goods and service globally and this means that the national economic growth depends on the exports

• Countries export goods, services and capital, these production determines the economic growth by various factors

Exports On Economic Growth

• More export production leads to a increase in GDP

• When there is more export, there is more production leading to more income and economic growth

• Employment Opportunities -: People get more opportunities to work and get employed as more exports is when there is more production, when this happens more people work for more production to happen

• Increase in currency value due to valued goods and less inflation occurs due to less import and more exports, leading to surplus

• Markets diversify, opportunity of global market exchanges, more creativity and innovation in the economy and other multiple ways of economic growth can happen from more exports

Negatives Of Exports

• Too much exports can lead to damage to environment damage, this means that collecting more resources from nature to produce more or export can lead to lack of resources and damage to environment

• Increase in deflation can occur as when currency value goes up there will be a high difference in international currency ratio

• A Harm to domestic market can occur as exports are influencing international market more than domestic market so there will be issues