Indian Economy Questions

When exports are greater than imports, net exports are positive and similarly, when imports are greater than exports, net exports are negative.

When a country imports goods, it buys them from foreign producers. The money spent on imports leaves the economy, and that decreases the importing nation's GDP.

Business fluctuations refer to the ups and downs in overall business activity measured by changes in national​ income, employment and the price level.

The law of demand implies that "The higher the price of a good, the lesser the quantity demanded".

For example:

If the rate of a mobile phone increased, the quantity demanded by the customers is decreased.