Sterling Terrell

recovering economist

Economics 101: Export Trade

Economics 101: Export Trade

[This is part of the series: The Complete Guide To Economics 101.]

In a given economy, trade can fall under two broad categories: Import Trade and Export Trade.

Exports simply refer to goods and services that are sent out somewhere else.

Usually, they are goods shipped over state, or national boundaries.

For example:

  • A company in Houston, TX may export oil to another company in Lubbock, TX.
  • A town in Idaho may export potatoes to someone in South Carolina.
  • And, Germany might export steel to a manufacturer in South Africa.

5 Things I Learned Reading: The Thin Green Line

5 Things I Learned Reading: The Thin Green Line

Here are 5 things I learned reading, The Thin Green Line, By: Paul Sullivan (Amazon).

1. Who cares about income if you still live paycheck to paycheck? I’d rather have wealth.

2. Poverty, with no purpose, will lead to a futile life. Money without purpose will do the same.

3. Starting, running, and owning a large company that provides well-paying jobs to thousands does more, for more people, than welfare ever will.

4. A crippling sense of entitlement can be independent of income.

5. “Channeling your good fortune to help your children get a good education is laudable, but using it to make sure they do not fail is a path to future failure.”

Sterling Terrell