Buying imports versus buying domestic products


Problem: Discuss advantages or disadvantages of buying imports versus buying domestic products in relation to the fashion industry.

1) First, post the definitions of import and export, and give examples of a chosen company and product for 2 import and 2 export item.

2) Advocate either buying imports or buying domestically for retailing the item.

3) Describe in detail 2 arguments to defend your point of view.

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Microeconomics: Buying imports versus buying domestic products
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