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Economics glossary · The macroeconomy

Imports

What imports means in economics, as one of the three leakages, with an example and a question to test yourself.

Definition
Imports
Imports are spending on goods and services made abroad, which becomes revenue for foreign firms rather than income for UK households.
Example

Can you think of an example of imports?

Test yourself

Can you name the three leakages?

Learn it properly: the module

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