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What are the similarities between terms of trade and balance of trade?
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What were some similarities between Minoans and Phoenicians in terms of trade?
They were both powerhouses in terms of maritime trading.
What is the Difference between balance of trade and terms of trade?
terms of trade is the relationship of prices of imports and exportstot=price index of imports---- price index of exportsbalance of trade is the difference between total exports and total importsbot=totall exports- total imports
What is the difference between terms of trade and balance of trade?
terms of trade is the relationship of prices of imports and exportstot=price index of imports---- price index of exportsbalance of trade is the difference between total exports and total importsbot=totall exports- total imports
What is the difference between the balance of trade and the balance of payments?
the balance of trade is how much you receive the balance of payment is how much you pay
What is the Comparison and contrast between trans Sahara trade and transatlantic trade?
what are the similarities and differences between trans saharan trade and transatlantic trade
Balance of trade?
The difference between the value of imports and exports of a country is the balance of trade. It is a country's largest component of balance of payments.
What were some of the similarities between the Minoans and the Phoenicians in term of trade?
They were both powerhouses in terms of maritime trading.
Similarities between home trade and foreign trade?
main aim of both the trade is maximizing there profit on sales
What are the similarities between the Indian ocean and the Atlantic ocean regarding maritime trade?
slave trade
Similarities between domestic and international trade?
The similarities between domestic and internal trade is that both entail the factors of production like land, labor and capital. In both cases money is involved.
Balance of trade in a sentence?
The balance of trade (or net) is the difference between monetary value of exports and imports of output in an economy.
Is Australia's Balance Of Payments positive?
balance of payment is the difference between exports and imports so if Australia's exports trade balance exceeds its imports trade balance then it is positive
