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Country exports more than their total imports per capita
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. ----
People have different taste and preference. Society likes quality not quantity. Since, technology growth rapidly, needs that are unlimited grow rapidly as well. Every country need to accomplish the needs and desire of its own citizen. So, is on its best for country to have balance favourable 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.
it is the relationship between a country's imports and exports ;)
The middle colonies had the best balance of trade with england.
Having colonies benefited European countries, not colonies, by having a favorable amount of trade. The colonies helped support the Mother country.
Country exports more than their total imports per capita
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. ----
Mercantilism is the theory that states a country has a favorable balance of trade when it exports more than it imports. This theory was prevalent during the time of colonization and the Revolutionary War. It emphasized accumulating wealth in the form of precious metals and promoting a positive trade balance through restrictions and regulations.
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It differs from country to country. for ex:SEC - regulates the stock marketin USASEBI - regulates the stock market in Indiaetc
A surplus in the balance of payments is when a nation has an increase in flow of funds from trade and investments coming in than paying out to other countries. Income from tourism increases the flow of funds into the economy from people of other countries. It results in the flow of foreign currency into the country and is a revenue to the country resulting in a favorable balance of payment.
People have different taste and preference. Society likes quality not quantity. Since, technology growth rapidly, needs that are unlimited grow rapidly as well. Every country need to accomplish the needs and desire of its own citizen. So, is on its best for country to have balance favourable trade.
Each country has its central bank that regulates the working of the banks in its country. for Ex: Reserve bank of India regulates banking operations in India