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9th August 2016 Current Affairs Questions and Answers

9th August 2016 Current Affairs MCQs, Quiz, Questions : Current Affairs for August 2016 ,  Daily Multiple Choice Questions (MCQs) for In...

Invisible export and Examples

Invisible export: Invisible export is any export that does not have a tangible physical presence, which mostly include service sectors like banking, advertising, copyrights, insurance, consultancy etc. Invisible exort also known as invisible trade is basically associated with the person’s own skill and knowledge is what is 'sold' rather than a piece of software or books. The net total of a country's invisible imports and invisible exports is called the invisible balance of trade and is a part of the country's balance of trade. For countries that rely on service exports or on tourism, the invisible balance is particularly important.
Moreover Visible Exports are actual goods which are sold to other nations by domestic firms, like tables, TV's, and vehicles.