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- The term Balance of Trade (or BOT) is the largest component of a country's current account in its balance of payments (BOP) accounts.
- It shows the difference between export earnings and import expenditure.
- It is called 'favorable' when the amount realized from physical (or tangible or visible) exports is more than the amount spent on physical imports, otherwise called 'unfavorable.'
- It is called also trade balance.
What else can I help you with?
What is meant by the balance of trade?
The one says the balance of trade, what is meant by that is the outgoing product compared to your incoming product, to be evenly balanced would mean no profit. You want your balance of trade to be more incoming money than outgoing product.
What is balence of trade mean?
Basically, the balance of trade is when the difference in value between a country's imports and exports is more or less equal.
What is the difference between the balance of trade and the balance of payments?
the balance of trade is how much you receive the balance of payment is how much you pay
Can a nation have a favorable balance of trade and an unfavorable balance of payments?
Yes, as the balance of trade is only one part of the balance of payments
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 meant by the balance of trade?
The one says the balance of trade, what is meant by that is the outgoing product compared to your incoming product, to be evenly balanced would mean no profit. You want your balance of trade to be more incoming money than outgoing product.
What is mean trade?
Basically, the balance of trade is when the difference in value between a country's imports and exports is more or less equal.
How is balance of trade made plural?
The plural of balance of trade is "balances of trade."
What is balence of trade mean?
Basically, the balance of trade is when the difference in value between a country's imports and exports is more or less equal.
What is the difference between the balance of trade and the balance of payments?
the balance of trade is how much you receive the balance of payment is how much you pay
Is there a trade inblanse with Canada and Mexico?
You mean against the United States or between them? Mexican-Canadian trade balance usually favors Canada; in the case of US-Canadian and US-Mexican trade balance, it usually favors both Canada and Mexico.
Can a nation have a favorable balance of trade and an unfavorable balance of payments?
Yes, as the balance of trade is only one part of the balance of payments
What Is Balance Of Trade Of India?
deffinition ofbalance of trade of India? what is balance of trade of India? give the detail this question.
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
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.
Negative balance of trade?
A positive balance is known as a trade surplus if it consists of exporting more than is imported; a negative balance is referred to as a trade deficit.
What is an important balance of trade is called?
An important balance of trade is called the "trade balance," which measures the difference between a country's exports and imports of goods and services. A positive trade balance, or surplus, occurs when exports exceed imports, while a negative trade balance, or deficit, occurs when imports surpass exports. The trade balance is a key indicator of a country's economic health and competitiveness in the global market.
