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- 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.
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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 meant by invisible balance of trade?
Invisible balance of trade is the difference in value over a period of time of a country's imports and exports of services and payments of property incomes
What is meant by debit balance of a party?
What is meant by debit balance of a party?
How is balance of trade made plural?
The plural of balance of trade is "balances of trade."
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
Can a nation have a favorable balance of trade and an unfavorable balance of payments?
Yes, as the balance of trade is only one part of the balance of payments
What Is Balance Of Trade Of India?
deffinition ofbalance of trade of India? what is balance of trade of India? give the detail this question.
Negative balance of trade?
A positive balance is known as a trade surplus if it consists of exporting more than is imported; a negative balance is referred to as a trade deficit.
Import export balance of trade?
Import-export balance of trade as captured in the Balance of Trade, is an economic measure of the country's imports ad exports, and their relationship.
What is meant by the term fluid balance?
fluid-balance
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 are the two indicators nations rely on to measure global trade?
They are the balance of trade and the balance of payments.
