Examlex
What are the three inputs to processes that OB is concerned with?
Imports
Foreign goods and services purchased by domestic customers.
Domestic Consumers
Individuals or households within a country that purchase goods and services for personal use as opposed to international or business consumers.
Foreign-made
This term describes products that are produced outside of one's home country.
Trade Deficit
A situation in which a country's imports of goods and services exceed its exports, leading to more money flowing out of the country than coming in from foreign markets.
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