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Less Economically Developed Countries (LEDCs) often have a trade deficit because their economies rely heavily on importing manufactured goods and technology, which they cannot produce domestically due to limited industrial capacity. Additionally, many LEDCs primarily export raw materials or agricultural products, which typically have lower value compared to the manufactured goods they import. This imbalance in trade can be exacerbated by factors such as lower productivity, inadequate infrastructure, and reliance on foreign investment. As a result, the value of imports often exceeds that of exports, leading to a trade deficit.
What else can I help you with?
Does fair trade benefit retailers more than LEDCs?
why is fair trade good for LEDCs
Does US have a deficit or trade surplus?
Trade deficit
Does the UK have a trade surplus or trade deficit?
It has a surplus in trade of invisibles, and a deficit in trade of visibles.
Does Italy have a trade deficit or a trade surplus?
Germany currently has a trade surplus. COOL HUH !
What is visible trade deficit?
visible trade deficit occurs when import expenditure exceeds the export revenue.
Does fair trade benefit retailers more than LEDCs?
why is fair trade good for LEDCs
What is trade deficite?
trade deficit occurs when? trade deficit occurs when?
Does US have a deficit or trade surplus?
Trade deficit
Is India a trade deficit or trade surplus?
deficit
Did the US have a trade surplus or deficit?
The USA has a trade deficit.
Does the UK have a trade surplus or trade deficit?
It has a surplus in trade of invisibles, and a deficit in trade of visibles.
Does Italy have a trade deficit or a trade surplus?
Germany currently has a trade surplus. COOL HUH !
What is visible trade deficit?
visible trade deficit occurs when import expenditure exceeds the export revenue.
What happens when the level of imports is greater than the level of exports?
A trade deficit
Does Egypt have a trade surplus or trade deficit?
their trade surplus
What is the difference among fiscal deficit budget deficit revenue deficit and trade deficit?
fiscal deficit: not enough money budget deficit: not as much money as you had planned to have in your budget revenue deficit: not enough money coming in trade deficit: you are spending more money on imports than the amount of money which you receive for your exports.
When the US buy more products than its sells from other countries what is created?
foreign trade deficit
