With the development of the media, various professional concepts began to enter the life of people. Especially in the media, you can find economic terminology. However, many readers and listeners do not know the exact meaning of words such as "export".
Export is an economic concept that means the export of goods or services outside the country in which they were produced. The receiving state is called the importer, the sending state is called the exporter. The modern economy is built on such basic concepts as export and import. It should be noted that there are no states that only export. The modern global economy implies an active mutual exchange of goods and services between countries. There are different classifications of exports. For example, experts often distinguish the export of raw materials and finished goods as facts with different effects on the economy. A country exporting only raw materials actually incurs losses due to the fact that the sale of trade goods is much more profitable and more useful for the economy. Since it creates additional jobs within the country, the volume of exports can become an indicator that determines the economic state of the state. It is used to calculate the trade balance. A positive trade balance means the prevalence of exports over imports, and a negative balance means the opposite situation, fraught with problems in the economy. If the export of goods does not correspond to the level of import, then this creates conditions for the departure of part of the money capital from the country, which negatively affects the economy. This became clear even to the European economists of the 17th century, who began to pursue a policy of mercantilism associated with severe restrictions on imports and supporting local producers to export goods. Exports and imports are usually regulated by the economic policies of states. In the end, most countries came to the conclusion that various protective customs duties impeded not only exports, but also the development of trade in general. The result of this process was the creation of the WTO, an organization that regulates international trade. Soon Russia should also join it.
