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Benefits of importing goods

Beauty Supplies
From Mexico
To Turkey
362 views / 0 experts
Nov 03, 2020

What are the benefits of importing goods from other countries?

1 answer

Leon L.
Nov 03, 2020

Undoubtedly, import has its benefits. First of all, it gives citizens access to products that they would otherwise not have. Secondly, it makes possible for companies to produce goods even if they do not have all the necessary components or raw materials; they can simply import them. Imports contribute to the income of Government, because when goods are imported, often taxes and import duties are collected. These tax incomes are subsequently used by the Government to invest in social programs, in infrastructure and more. These are indirect benefits for society.

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