Balance of trade, or net exports as it is sometimes called, is the difference between the monetary value of exports and imports of an economy over a certain period of time. In other words, it denotes the relationship between a country's imports and exports. This may be positive or negative.
A positive trade balance is known as a trade surplus and this happens when exports are more than imports. On the other hand, a negative trade balance is called as a trade deficit or a trade gap and results when the imports are more than . The balance of trade is sometimes divided into a goods and a services balance.
A country attains favourable balance of trade, when its value of exports produced by that country and purchased by a foreign country is more than its imports. This is because it results in a net inflow of monetary payments into the country from the foreign sector. It is called favourable becasue it is beneficial to a country.
M.J. SUBRAMANYAM, MUMBAI
No it is when you export more than you import
Why was Napata a favorable location for trade?
Country exports more than their total imports per capita
Favorable
the value of exports is greater than the value of imports
noun the difference between the values of exports and imports of a country, said to be favorable or unfavorable as exports are greater or less than imports. ----
it is the relationship between a country's imports and exports ;)
it is the relationship between a country's imports and exports ;)
Why was Napata a favorable location for trade?
Country exports more than their total imports per capita
Favorable
the value of exports is greater than the value of imports
noun the difference between the values of exports and imports of a country, said to be favorable or unfavorable as exports are greater or less than imports. ----
Because it was on the trade route
The plural of balance of trade is "balances of trade."
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seeking a favorable trade balance
creation of a favorable balance of trade