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Thursday, December 2, 2010

How do merchandise export and import differ from service export and imports?




Group of activities in goods—tangible products such as clothing, computers, and raw materials. Officials U.S government publications call this type of trade Merchandise export and import.
Group of activities is trade in services—intangible products such as banking, travel and accounting activities. In United States this type of trade is called service export and import.

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