Question

Exports lead to maximum utilization of resources. Give reason.

Answer 1

Maximum utilization of resources:

• A country imports technology, machinery, human labour, business processes, etc.
• It then deploys these resources and makes best possible use of resources available in the country. For example, importing a highly advanced printing machine may reduce the printing time by half. The printer can then make use of remaining time in other printing jobs.
• Thus, people living in various countries can enter into foreign trade and improve their production efficiencies and processes and make maximum utilization of their resources. Moreover, excess production resulting out of improved efficiency can be exported.