Export (v.) means to send (goods or services) to another country for sale.
Import (v.) means to bring (goods or services) into a country from abroad for sale.
The U.S. government has announced that throughout 2012 the United States imported more goods and services from foreign countries than it exported. The more goods and services we import the less we produce, not only throughout the U.S. but abroad as well. U.S. corporations are steadily sending jobs overseas to take advantage of the inexpensive labour prices offered by other countries. This causes the unemployment rate to rise here in the U.S. because more and more Americans are being laid off daily and many more are struggling to find employment. This is why I encourage you to learn as much as you can about the world of investing, so that you can create another source of income as an investor or entrepreneur, just in case the company you work for decides to shut down or reduce its labour forces here in the U.S. as well.
Edited by Reginald Forest
If you enjoyed this please share. Thanks for visiting Financial Blueprint!!!
