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The country Favors one type of trade.
If the country favors Food for example, their balance would be more focused on Food
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What is the difference between favourable and unfavourable balance of payment?
when import of a country decrease and export increase it is known as favourable balance of of payment and vice versa
When a country has a favorable balances of trade?
Balance of trade, or net exports as it is sometimes called, is the difference between the monetary value of exports and imports of an economy over a certain period of time. In other words, it denotes the relationship between a country's imports and exports. This may be positive or negative.A positive trade balance is known as a trade surplus and this happens when exports are more than imports. On the other hand, a negative trade balance is called as a trade deficit or a trade gap and results when the imports are more than . The balance of trade is sometimes divided into a goods and a services balance.A country attains favourable balance of trade, when its value of exports produced by that country and purchased by a foreign country is more than its imports. This is because it results in a net inflow of monetary payments into the country from the foreign sector. It is called favourable becasue it is beneficial to a country.M.J. SUBRAMANYAM, MUMBAI
Why did countries want a favorable balance of trade?
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.
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 is balance of trade?
Balance of trade is the relationship between a country's exports and imports. There is a trade surplus when a country's exports exceed its imports, and there is a trade deficit when a country's imports exceed its exports.
What is the difference between favourable and unfavourable balance of payment?
when import of a country decrease and export increase it is known as favourable balance of of payment and vice versa
When a country has a favorable balances of trade?
Balance of trade, or net exports as it is sometimes called, is the difference between the monetary value of exports and imports of an economy over a certain period of time. In other words, it denotes the relationship between a country's imports and exports. This may be positive or negative.A positive trade balance is known as a trade surplus and this happens when exports are more than imports. On the other hand, a negative trade balance is called as a trade deficit or a trade gap and results when the imports are more than . The balance of trade is sometimes divided into a goods and a services balance.A country attains favourable balance of trade, when its value of exports produced by that country and purchased by a foreign country is more than its imports. This is because it results in a net inflow of monetary payments into the country from the foreign sector. It is called favourable becasue it is beneficial to a country.M.J. SUBRAMANYAM, MUMBAI
What is meant by favourable balance of payment?
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
Why did countries want a favorable balance of trade?
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.
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 is balance of trade?
Balance of trade is the relationship between a country's exports and imports. There is a trade surplus when a country's exports exceed its imports, and there is a trade deficit when a country's imports exceed its exports.
Why is it important for a country to balance its exports and imports?
it is important for a country to balance its exports & imports because if a country imports more than it exports it has to borrow from a international organizations like the World Bank ,and will then have to repay the loan with high interest. this means it will have less to spend on services such as schools ,hospitals ,law and order ,roads , etc
What would be one effect of import substitution on the balance of trade of a country?
What would be one effect of import substition on the balance of trade of a country
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.
Which colonies had the best balance of trade with the mother country?
The middle colonies had the best balance of trade with england.
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 balance of trade and payment?
Balance of payment is the difference between the money coming into the country and the money leaving the same country.
