Business

Europeans want decentralized power generation and low prices

Although a majority of Europeans support the energy transition in principle, local opposition to necessary infrastructure projects is on the rise. What could be done to smooth the future growth of renewables in Europe? In ...

Business

Going top shelf with AI to better track hockey data

Researchers from the University of Waterloo got a valuable assist from artificial intelligence (AI) tools to help capture and analyze data from professional hockey games faster and more accurately than ever before, with big ...

Automotive

Switzerland ends electric car tax exemption

Switzerland on Wednesday scrapped a tax exemption for imports of electric cars, whose growing presence on Swiss roads has cut into tax revenues.

Machine learning & AI

Verbal nonsense reveals limitations of AI chatbots

The era of artificial-intelligence chatbots that seem to understand and use language the way we humans do has begun. Under the hood, these chatbots use large language models, a particular kind of neural network. But a new ...

Computer Sciences

Rethinking algorithmic decision-making based on 'fairness'

Algorithms underpin large and small decisions on a massive scale every day: who gets screened for diseases like diabetes, who receives a kidney transplant, how police resources are allocated, who sees ads for housing or employment, ...

Machine learning & AI

Defining the unexplainable in artificial intelligence

The term "artificial intelligence," usually abbreviated as AI, means many things to many people. Initially, the phrase was used to allude to the potential of machines, computers, specifically, somehow gaining sentience on ...

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Import

The term import is derived from the conceptual meaning as to bring in the goods and services into the port of a country. The buyer of such goods and services is referred to an "importer" who is based in the country of import whereas the overseas based seller is referred to as an "exporter". Thus an import is any good (e.g. a commodity) or service brought in from one country to another country in a legitimate fashion, typically for use in trade. It is a good that is brought in from another country for sale. Import goods or services are provided to domestic consumers by foreign producers. An import in the receiving country is an export to the sending country.

Imports, along with exports, form the basis of international trade. Import of goods normally requires involvement of the customs authorities in both the country of import and the country of export and are often subject to import quotas, tariffs and trade agreements. When the "imports" are the set of goods and services imported, "Imports" also means the economic value of all goods and services that are imported. The macroeconomic variable I usually stands for the value of these imports over a given period of time, usually one year.[citation needed]

This text uses material from Wikipedia, licensed under CC BY-SA