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What are differences between favourable and unfavourable of balance of trade?
A favourable balance of trade occurs when a country exports more goods and services than it imports, leading to a trade surplus that can strengthen the economy and increase national wealth. In contrast, an unfavourable balance of trade, or trade deficit, arises when imports exceed exports, potentially indicating economic weaknesses and reliance on foreign goods. While a trade surplus can enhance currency value and create jobs, a trade deficit may lead to increased borrowing and vulnerability to economic fluctuations. However, some argue that trade deficits can also reflect a strong domestic demand for goods and services.
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
What is the difference between total imports and exports?
The balance of 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.
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 difference between a favorable variance and an unfavorable variance?
Favourable variance is that variance which is good for business while unfavourable variance is bad for business
What are differences between favourable and unfavourable of balance of trade?
A favourable balance of trade occurs when a country exports more goods and services than it imports, leading to a trade surplus that can strengthen the economy and increase national wealth. In contrast, an unfavourable balance of trade, or trade deficit, arises when imports exceed exports, potentially indicating economic weaknesses and reliance on foreign goods. While a trade surplus can enhance currency value and create jobs, a trade deficit may lead to increased borrowing and vulnerability to economic fluctuations. However, some argue that trade deficits can also reflect a strong domestic demand for goods and services.
What is direct labor variance?
It means the difference between the budgeted or estimated direct labour cost at the start of work activity with the actual direct labour cost at the end of activity or fiscal year. If budgeted cost is more then the actuall then it is favourable variance otherwise it is unfavourable direct labour cost variance
What is difference between worksheet and balance sheet?
There is a difference between: Worksheet and Balance Sheet
Difference between product modulator and balance modulator?
what is the difference between balance n product modulator
Difference between outstanding balance and Statement Balance?
speelling
What is the difference between contingent liability and off balance sheet liability?
There is no difference between Contingent Liability and Off Balance Sheet Liability.
What does an auditor do if there is a material difference between an expected and actual balance?
However, if there is a material difference between the expected and actual balance, the auditor will investigate this difference further. At this point the auditor will develop an explanation for the difference.
What is the difference between Actual balance and Available balance?
Actual balance is the real balance while avialable balance is the physical balance
What is the difference between the unadjusted trial balance and the adjusted trial balance?
The difference between adjusted and Un-adjusted trial balance is that in adjusted trial balance the items of balance sheet and income statement are randomly but in adjusted trial balance the items are in tabular form.
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
The difference between an asset account and its contra account balance is called?
net balance
