0
Simply put, a country would need to export more than it imports. This would lead to positive cash flow into the country and thus a positive balance of trade. Factors include-
1. Natural Resources- An obvious export.
2. Industry- Creation of a desirable good to ship abroad.
What else can I help you with?
How did industrialization in in Europe lead to colonization in Africa?
Europeans wanted to create favorable trade monopolies.
What was the favorable balance of trade?
A favorable balance of trade occurs when a country exports more goods and services than it imports, resulting in a trade surplus. This situation is often seen as beneficial for the economy, as it can lead to increased national income, job creation, and stronger currency value. A favorable balance can also enhance a country's economic influence and provide resources for investment and development. However, it may also lead to trade tensions with other nations that could experience trade deficits.
What does favorable balance of trade mean?
A favorable balance of trade occurs when a country's exports exceed its imports, resulting in a trade surplus. This situation is generally viewed as positive for the economy, as it indicates that a nation is selling more goods and services to other countries than it is buying from them. A favorable balance can strengthen the national currency and contribute to economic growth. However, it may also lead to trade tensions with countries that have trade deficits.
Dose negotiation always lead to a favorable outcome?
not all negotiations lead to favorable outcomes.
How did industrialization to Europe lead to the colonization of Africa?
Europeans wanted to create favorable trade monopolies.Europeans needed new sources of raw materials for their factories.Europeans wanted new trade partners to sell products to.
How did industrialization in Europe lead the colonization in Africa?
Europeans wanted to create favorable trade monopolies.Europeans needed new sources of raw materials for their factories.Europeans wanted new trade partners to sell products to.
How did the industrialization in Europe lead to the colonization of Africa?
Europeans wanted to create favorable trade monopolies.Europeans needed new sources of raw materials for their factories.Europeans wanted new trade partners to sell products to.
How did industrialization in Europe lead to the colonization Africa?
Europeans wanted to create favorable trade monopolies.Europeans needed new sources of raw materials for their factories.Europeans wanted new trade partners to sell products to.
What is favourable and unfavourable trade?
Favorable trade occurs when a country exports more goods and services than it imports, leading to a trade surplus, which can strengthen its economy and currency. Conversely, unfavorable trade happens when a country imports more than it exports, resulting in a trade deficit, which can strain economic resources and may lead to borrowing or currency depreciation. Both types of trade can influence a nation’s economic health and global standing, depending on various factors such as competitiveness and market demand.
How did industrialization in Europe lead to the colonization of arfica?
Europeans wanted to create favorable trade monopolies. Europeans needed new sources of raw materials for their factories. Europeans wanted new trade partners to sell products to.
What can be the effect of physical geograph barriers on a population?
The physically geographical barriers can either lead to a decrease or an increase in population of a certain area depending with how favorable the factors are.
How is country develop Term of trade?
Countries develop their terms of trade through a variety of factors, including the prices of their exports relative to imports, the competitiveness of their industries, and global market conditions. Improvements in technology, resource management, and trade agreements can enhance a country's export capacity, thereby strengthening its terms of trade. Additionally, economic policies and investment in human capital can lead to higher productivity and better quality goods, further impacting trade dynamics. Ultimately, favorable terms of trade can contribute to economic growth and development.
