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If a given country imports a greater amount of products of whatever sort (in terms of the money that it pays for them) than it exports (in terms of the money that it receives for them), then its money supply is diminishing, and it has a trade deficit. If, on the contrary, it exports more than it imports, then its money supply will increase, and it has a trade surplus.
It is nothing but a surplus state of economy in the country which is being the desired state in the minds of classical economists.
Deflating!
Fundamental Goal of BusinessThe fundamental goal of Business is to create Surplus. This always need not be in terms of Money, but improved customer satisfaction, Goodwill etc. Brahmajyothi
Supply
If a given country imports a greater amount of products of whatever sort (in terms of the money that it pays for them) than it exports (in terms of the money that it receives for them), then its money supply is diminishing, and it has a trade deficit. If, on the contrary, it exports more than it imports, then its money supply will increase, and it has a trade surplus.
terms are spelled out clearly for both terms
It is nothing but a surplus state of economy in the country which is being the desired state in the minds of classical economists.
express terms in a contract
The service terms for FedEx Express contain all of the terms and conditions for using FedEx Express. This comprehensive document covers prohibited items, liability, terms, limitations and credit arrangements. An up to date version of this document, which runs at over 13 pages is available at the FedEx website.
In their lowest terms
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It means "a Mathematical Expression".
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[object Object]
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