3 concepts
Exports: The Economic Impacts of Selling Goods to Other Countries
Exporting is a form of international trade which allows for specialization, but can be difficult depending on the transaction.
Imports: The Economics Impacts of Buying Goods from Other Countries
Imports are critical for many economies; they are the defining financial transactions of international trade and account for a large portion of the GDP.
Costs of Trade
Free trade is a policy where governments do not discriminate against imports and exports; creates a large net gain for society.