What was the favorable balance of trade?

Answer 1

A favorable balance of trade occurs when a country exports more goods and services than it imports, resulting in a trade surplus. This situation is often seen as beneficial for the economy, as it can lead to increased national income, job creation, and stronger currency value. A favorable balance can also enhance a country's economic influence and provide resources for investment and development. However, it may also lead to trade tensions with other nations that could experience trade deficits.