Want this question answered?
when import of a country decrease and export increase it is known as favourable balance of of payment and vice versa
The function and object of business is to make balance of payment favourable by increasing exports and decreasing imports, because this position makes the country prominent in the world
Balance of payment is the difference between the money coming into the country and the money leaving the same country.
why would it be useful to examine a country balance of payment data
structural disequilibrium denotes change in the economic structure of any state where the balance of payment was previously favourable.
To know the liqiudity of that country.
When imports and exports are the same
advantages of balance of payment
advantages of balance of payment
India's balance of payment since 1991
International Balance of Payments
If money recd is more than paid by any country to another country. It is called balance of payment - surplus in short more "Export Less Imports".