ABSTRACT

As is shown under Imports (Comparative) every country is compelled, by the needs of its people, to import large quantities of manufactured articles. The reason for this is that no country in the world does everything equally well, and every country, therefore, benefits by changing some of its work for work done in other countries (see Free Trade). Even if duties are imposed, the importation of manufactures may be reduced, but it will certainly remain considerable, for the home manufacturers must import in order to get on with their work.