Definition
Exports are goods and services produced domestically and sold to other countries.
Why It Matters
Exports bring income into the domestic economy.
Example
Selling U.S.-made machinery abroad.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
Exports are goods and services produced domestically and sold to other countries.
Exports bring income into the domestic economy.
Selling U.S.-made machinery abroad.