Explain the term visible import and give one example of a visible import for Ireland - Leaving Cert Business - Question A - 2022
Question A
Explain the term visible import and give one example of a visible import for Ireland.
Visible imports refer to physical goods that are purchased from businesses in ... show full transcript
Worked Solution & Example Answer:Explain the term visible import and give one example of a visible import for Ireland - Leaving Cert Business - Question A - 2022
Step 1
Explain the term visible import
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Answer
Visible imports involve the purchase of tangible goods from foreign countries. These goods are physically brought into Ireland after the purchase, impacting the local economy. An example of a visible import is when an Irish supermarket buys fruits from Spain.
Step 2
Give one example of a visible import for Ireland
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Answer
An example of a visible import for Ireland is an Irish department store buying clothing from the UK. This transaction involves physical products that are imported, thereby illustrating the concept of visible imports.
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