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Balance of trade, or net exports as it is sometimes called, is the difference between the monetary value of exports and imports of an economy over a certain period of time. In other words, it denotes the relationship between a country's imports and exports. This may be positive or negative.
A positive trade balance is known as a trade surplus and this happens when exports are more than imports. On the other hand, a negative trade balance is called as a trade deficit or a trade gap and results when the imports are more than . The balance of trade is sometimes divided into a goods and a services balance.
A country attains favourable balance of trade, when its value of exports produced by that country and purchased by a foreign country is more than its imports. This is because it results in a net inflow of monetary payments into the country from the foreign sector. It is called favourable becasue it is beneficial to a country.
M.J. SUBRAMANYAM, MUMBAI
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Favorable balance of trade?
Country exports more than their total imports per capita
What does it mean if a country maintains a favorable balance of trade?
A favorable balance of trade occurs when a country's exports exceed its imports, leading to a trade surplus. This situation can indicate a strong economy, as it suggests that the country is producing goods and services that are in demand internationally. A favorable balance can also contribute to increased national income, foreign exchange reserves, and investment opportunities. However, it's essential to consider the sustainability of such a balance and the overall economic context.
Does the US have a favorable or unfavorable balance of trade?
Favorable
What was the favorable balance of trade?
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.
What does favorable balance of trade mean?
A favorable balance of trade occurs when a country's exports exceed its imports, resulting in a trade surplus. This situation is generally viewed as positive for the economy, as it indicates that a nation is selling more goods and services to other countries than it is buying from them. A favorable balance can strengthen the national currency and contribute to economic growth. However, it may also lead to trade tensions with countries that have trade deficits.
What is a favorable balanced of trade.?
it is the relationship between a country's imports and exports ;)
What is a favorable balance trade?
it is the relationship between a country's imports and exports ;)
Favorable balance of trade?
Country exports more than their total imports per capita
What does it mean if a country maintains a favorable balance of trade?
A favorable balance of trade occurs when a country's exports exceed its imports, leading to a trade surplus. This situation can indicate a strong economy, as it suggests that the country is producing goods and services that are in demand internationally. A favorable balance can also contribute to increased national income, foreign exchange reserves, and investment opportunities. However, it's essential to consider the sustainability of such a balance and the overall economic context.
Does the US have a favorable or unfavorable balance of trade?
Favorable
What was the favorable balance of trade?
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.
What does favorable balance of trade mean?
A favorable balance of trade occurs when a country's exports exceed its imports, resulting in a trade surplus. This situation is generally viewed as positive for the economy, as it indicates that a nation is selling more goods and services to other countries than it is buying from them. A favorable balance can strengthen the national currency and contribute to economic growth. However, it may also lead to trade tensions with countries that have trade deficits.
According to the theory of mercantilism a country has a favorable balance of trade when?
the value of exports is greater than the value of imports
What is the difference between a favorable and an unfavorable balance of trade?
noun the difference between the values of exports and imports of a country, said to be favorable or unfavorable as exports are greater or less than imports. ----
Why was Napata a favorable place to trade?
Because it was on the trade route
How is balance of trade made plural?
The plural of balance of trade is "balances of trade."
What theory states that a country has a favorable balance of trade when it exports more than it imports during the colonization and revolutionary war?
Mercantilism is the theory that states a country has a favorable balance of trade when it exports more than it imports. This theory was prevalent during the time of colonization and the Revolutionary War. It emphasized accumulating wealth in the form of precious metals and promoting a positive trade balance through restrictions and regulations.
