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How differ the balance of trade from the balance of payments?

The Balance of Payments (BoP) is comprised of the Current Account, as well of the Capital and Financial Account. Within the Current Account, one will find a subcategory called Goods. The Balance of Trade is a term used to show the difference between Imports (IM) and Exports (X) within the Goods Category. This is also known as Net Exports.


Compare and contrast the economies of Chile and Venezuela?

The economies of Chile and Venezuela differ based on the fact that they have different trades. For Chile it is considered to be the leader in the export destination and has defeated Venezuela. There are major products that serve as exports and they include petrol, coal and chemical products. The similarity between the two countries is in the fact that they are main exports of Colombia.


Explain how service producers differ from goods producers in important aspects of their operations.?

goods is the thing that are go no be sold. services is the treatment or providing things to sale


What is the definition of a normal good and how does it differ from other types of goods?

A normal good is a type of product or service for which demand increases as consumer income rises. This means that people buy more of the good when they have more money to spend. Normal goods differ from inferior goods, which are products that people buy less of as their income increases.


How does command economy's differ from a market economy?

In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.

Related Questions

How differ the balance of trade from the balance of payments?

The Balance of Payments (BoP) is comprised of the Current Account, as well of the Capital and Financial Account. Within the Current Account, one will find a subcategory called Goods. The Balance of Trade is a term used to show the difference between Imports (IM) and Exports (X) within the Goods Category. This is also known as Net Exports.


How do components of revenue and expenses differ between a merchandising company and a service enterprise?

Merchandising Companies purchase and sell directly and is ordinarily longer than a service company because of the inventory and its eventual sale lengthen the cycle, which differ merchandising and service companies.


What are the differences between Canon imports and USA models?

Canon imports and USA models may differ in terms of features, specifications, warranty coverage, and pricing. Imports may have different language settings, plugs, and packaging, while USA models are typically designed for the American market and may have better customer support. It is important to consider these factors when choosing between the two options.


How manufacturing sector differ from service sector?

Manufacturing is one where in production process service orientations is done where in service sector is to completely to serve with service and no production involved in this process.


How might demand for low fare service differ in the Asia-Pacific region from North America and Europe?

How might demand for low-fare service differ in the Asia Pacific region from the North America and Europe


How long does it take to service an airplane?

The service of an airplane may take 10 to 12 hours. This is for a Boeing plane. However the service time will differ with size.


How is the service at the Charing Cross hotel?

Service at the Charing Cross hotel will differ depending on the location of the hotel. The chain has many hotels spread out all over the place. Although they try to keep the same level of service throughout all of their establishments, it will differ. On average, people have rated their service as very good to excellent. From customers, they have received 4.5 stars out 5 on average.


What is the most affordable landline phone service in the US?

Landline phones are a regulated service, so this will differ by state. VOIP is generally cheaper overall, though.


Compare and contrast the economies of Chile and Venezuela?

The economies of Chile and Venezuela differ based on the fact that they have different trades. For Chile it is considered to be the leader in the export destination and has defeated Venezuela. There are major products that serve as exports and they include petrol, coal and chemical products. The similarity between the two countries is in the fact that they are main exports of Colombia.


What is the differ between health professional and healthcare?

A health professional is the person that provides the service of health care.


What is a Windows Service and how does its lifecycle differ from a standard EXE?

A service opens before you even get to the login screen, whereas a standard exe cannot open until after you have logged on.


How does customer service differ with e-tailing compared with traditional retailing?

the difference is this is on internet but the other isnt idiot