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What does it mean for England to have a favorable balance of trade?
Wiki User
∙ 14y ago
it means they are taking in more money exporting its goods than it pays out to buy goods from other countries
Wiki User
∙ 14y ago
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What does Balance of Trade mean?
The term Balance of Trade (or BOT) is the largest component of a country's current account in its balance of payments (BOP) accounts.It shows the difference between export earnings and import expenditure.It is called 'favorable' when the amount realized from physical (or tangible or visible) exports is more than the amount spent on physical imports, otherwise called 'unfavorable.'It is called also trade balance.
What is meant by the balance of trade?
The one says the balance of trade, what is meant by that is the outgoing product compared to your incoming product, to be evenly balanced would mean no profit. You want your balance of trade to be more incoming money than outgoing product.
What is balence of trade mean?
Basically, the balance of trade is when the difference in value between a country's imports and exports is more or less equal.
What does opportunity favorable time mean?
occasion
What does voluntary trade mean?
voluntary trade probably mean means to volunteer trade.
What does Balance of Trade mean?
The term Balance of Trade (or BOT) is the largest component of a country's current account in its balance of payments (BOP) accounts.It shows the difference between export earnings and import expenditure.It is called 'favorable' when the amount realized from physical (or tangible or visible) exports is more than the amount spent on physical imports, otherwise called 'unfavorable.'It is called also trade balance.
What is meant by the balance of trade?
The one says the balance of trade, what is meant by that is the outgoing product compared to your incoming product, to be evenly balanced would mean no profit. You want your balance of trade to be more incoming money than outgoing product.
What is mean trade?
Basically, the balance of trade is when the difference in value between a country's imports and exports is more or less equal.
What is balence of trade mean?
Basically, the balance of trade is when the difference in value between a country's imports and exports is more or less equal.
Is there a trade inblanse with Canada and Mexico?
You mean against the United States or between them? Mexican-Canadian trade balance usually favors Canada; in the case of US-Canadian and US-Mexican trade balance, it usually favors both Canada and Mexico.
What does it mean to be the most favorable?
By definition, favorable is: expressing approval, giving consent, helpful, encouraging, advantageous. To be the most favorable would then mean the most approving, helpful, encouraging (& so on). Example: "a most favorable wind", "I've just received the most favorable answer".
What does the government mean by good moral character and favorable disposition to the us?
Favorable disposition to the US
What does it mean if you see an increase in trade creditors from the previous year on the balance sheet?
More use of cash for teh business.
What does opportunity favorable time mean?
occasion
What did mercantilism mean in history?
an economic system developing during the decay of feudalism to unify and increase the power and especially the monetary wealth of a nation by a strict governmental regulation of the entire national economy usually through policies designed to secure an accumulation of bullion, a favorable balance of trade, the development of agriculture and manufactures, and the establishment of foreign trading monopolies
What does omine secundo mean?
Under favorable omen
What does this mean modified favorable to appella?
that means that you won the case
