why is fair trade good for LEDCs
Trade deficit
It has a surplus in trade of invisibles, and a deficit in trade of visibles.
Germany currently has a trade surplus. COOL HUH !
visible trade deficit occurs when import expenditure exceeds the export revenue.
why is fair trade good for LEDCs
trade deficit occurs when? trade deficit occurs when?
deficit
Trade deficit
The USA has a trade deficit.
It has a surplus in trade of invisibles, and a deficit in trade of visibles.
Germany currently has a trade surplus. COOL HUH !
visible trade deficit occurs when import expenditure exceeds the export revenue.
A trade deficit
their trade surplus
fiscal deficit: not enough money budget deficit: not as much money as you had planned to have in your budget revenue deficit: not enough money coming in trade deficit: you are spending more money on imports than the amount of money which you receive for your exports.
foreign trade deficit