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Selling Products Made in One's Own Country for Use or Resale

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Selling products made in one's own country for use or resale in other countries is known as importing.


Definitions:

Robert Merton

Robert Merton was an American sociologist known for developing notable theories including the strain theory and concepts such as self-fulfilling prophecy.

Social

Relating to society or its organization, highlighting aspects such as hierarchical structure, interactions, and collective behavior within a community.

Cultural Beliefs

Shared ideas that are accepted as true by a particular group of people, shaping their values, norms, and behaviors.

Practices

Commonly refers to habitual actions or behaviors that are a part of the daily lives of individuals or groups within a society.

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