Question

Monique's Unique Boutique sells clothing from around the world in the United States. Monique regularly travels overseas to find the best and most unusual shirts, dresses, and pants that foreign producers have to offer. Monique is a(n)

Answer 1

Monique is a(n) Importer.

What is an Import?

Any good or commodity brought into one country from another. Customs authorities must be involved in both the import and export countries.

Import trade means goods and services purchased in one country from another. Because products are frequently transported by ship to foreign countries, the term "import" derives from the word "port." Imports, like exports, are the backbone of international trade.

In this case, if the cost of a country's imports exceeds the value of its exports, the country has a negative balance of trade (BOT), also known as a trade deficit.

Objectives of Import Trade:

• To speed up industrialisation
• To meet domestic demand
• To overcome natural disasters
• To improve standard of living
• To ensure national defense

Know more about trade here:

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