Economic Glossary | Import | Bankers Algo
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Economic Glossary

    Import

Goods and services produced by the foreign sector and purchased by the domestic economy. In other words, imports are goods purchased from other countries


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Banker's Algo Daily Dose

Word of the day

Affluence(n)

Meaning:

Abundance of money, property, and other material good

Synonyms: abundance, fortune, luxury, opulence, plenty

Antonyms: dearth, deficiency, inadequacy

Apti Question of The day

Question

A boat running downstream covers a distance of 16kms in 2 hours, while for covering the same distance upstream it takes 4 hours. What is the speed of the boat in the still water?

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