An import is a commodity brought into a territory, especially across a national border, from an external source. Importation and exportation are the defining financial transactions of international trade. An import in the receiving country is an export from the sending country.

       In international trade, the exportation and importation of goods are limited by import quotas and mandates from custom authority. The importing and exporting countries may impose a tariff (tax) on the goods. In addition, the exportation and importation of goods are subject to trade agreements between the importing and exporting countries.

       Import consists of transactions in goods and services to a resident of a country from non-residents. The exact definition of imports in national income accounts includes and excludes specific border cases. A general view of imports in national income accounts is given below.

       An import of a commodity occurs when there is a change of ownership from non-resident to a resident; the does not necessarily mean that the commodity in question physically crosses the frontier. However, in specific cases, national accounts impute changes of ownership even though in legal terms no change of ownership takes place. For example, cross frontier financial leasing, cross border deliveries between affiliates of the same enterprise, commodities cross the border for significant processing to order or repaid. Also smuggled goods must be included in the import measurement.

       Imports of services comprise all services rendered by non-residents to residents. In national income accounts, any direct purchases by residents outside the economic territory of a country are recorded as imports of services, therefore all expenditure by tourists in the economic boundary of another country are considered part of the imports of services. Also international flows of illegal services must be included.

Basically, there are two types of import, which include:

Industrial and consumer goods. Intermediate goods and services.

Industrial goods are made up of machinery, manufacturing plants and materials, and any other commodity or component used by other industries or firms. They are based on the demand for consumer goods that they may help to produce. They are classified as either production goods or support goods. Production goods are used in the production of final consumer goods, while support goods are, in general, used as inputs or raw materials to produce consumer goods. They are derived demand because they are demanded to produce consumer products.

Consumer goods are ready for consumption and satisfaction of human wants, such as clothing or food. Consumer goods are not used in the production of other goods. They are tangible commodities that are produced to satisfy the wants of the buyer. Consumer goods are classified as durable goods, non-durable goods, or consumer services.

Durable goods have a significant lifespan of three years or more. The consumption of a durable good is spread out over time the entire life of the good, which causes demand for maintenance and upkeep. Bicycles, furniture, and cars are examples of durable consumer goods.

Non-durable goods are goods that are purchased for immediate consumption or use, and they have a lifespan that is less than three years. Beverages, food and clothing are examples of non-durable consumer goods.

Consumer services are intangible services or products that are produced and consumed at the same time. Car washes and hair cuts are good examples of consumer services.

Intermediate goods or producer goods or semi-finished products are goods, such as partly finished goods, used in the production of other goods including final goods. They are used either for resale or for further production in the same year. They are generally purchased by one by one production unit from another production unit. They also have derived demand as their demand depends on demand for final goods. The value of intermediate goods is merged with the value of final goods. In the production process, intermediate goods either become part of the final goods, or are changed beyond recognition in the process. Examples include sugar when used as an input or ingredient in other food production, steel used in the production of many other goods, such as bicycles, car engines, plant, ply wood, pipe and tube, and ancillary parts, purchases of trucks, vehicles, aircraft, etc by government for military purposes to produce defense services. 

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How To Write Chapter Three Of Your Research Project (Research Methodology)

  • Methodology In Research Paper

    Chapter three of the research project or the research methodology is another significant part of the research project writing. In developing the chapter three of the research project, you state the purpose of research, research method you wish to adopt, the instruments to be used, where you will collect your data, types of data collection, and how you collected it.

    This chapter explains the different methods to be used in the research project. Here you mention the procedures and strategies you will employ in the study such as research design, study design in research, research area (area of the study), the population of the study, etc. You also tell the reader your research design methods, why you chose a particular method, method of analysis, how you planned to analyze your data.

    Your methodology should be written in a simple language such that other researchers can follow the method and arrive at the same conclusion or findings.

    You can choose a survey design when you want to survey a particular location or behavior by administering instruments such as structured questionnaires, interviews, or experimental; if you intend manipulating some variables.

    The purpose of chapter three (research methodology) is to give an experienced investigator enough information to replicate the study. Some supervisors do not understand this and require students to write what is in effect, a textbook.

    A research design is used to structure the research and to show how all of the major parts of the research project, including the sample, measures, and methods of assignment, work together to address the central research questions in the study. The chapter three should begin with a paragraph reiterating the purpose of research. It is very important that before choosing design methods try and ask yourself the following questions: Will I generate enough information that will help me to solve the research problem by adopting this method?

    Method vs Methodology

    I think the most appropriate in methods versus methodology is to think in terms of their inter-connectedness and relationship between both. You should not beging thinking so much about research methods without thinking of developing a research methodology.

    Metodologia or methodology is the consideration of your research objectives and the most effective method and approach to meet those objectives. That is to say that methodology in research paper is the first step in planning a research project work.

    Design Methodology: Methodological Approach

    Example of methodology in research paper, you are attempting to identify the influence of personality on a road accident, you may wish to look at different personality types, you may also look at accident records from the FRSC, you may also wish to look at the personality of drivers that are accident victims, once you adopt this method, you are already doing a survey, and that becomes your metodologia or methodology.

    Your methodology should aim to provide you with the information to allow you to come to some conclusions about the personalities that are susceptible to a road accident or those personality types that are likely to have a road accident.

    The following subjects may or may not be in the order required by a particular institution of higher education, but all of the subjects constitute a defensible in metodologia or methodology chapter.

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