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What relationship does balance of trade and mercantilism have?
Mercantilism restricts trade to only trading with the mother country.
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.
What is balance of trade?
Balance of trade is the relationship between a country's exports and imports. There is a trade surplus when a country's exports exceed its imports, and there is a trade deficit when a country's imports exceed its exports.
How can a country have a favourable balance of trade?
The country Favors one type of trade. If the country favors Food for example, their balance would be more focused on Food
What would be one effect of import substitution on the balance of trade of a country?
What would be one effect of import substition on the balance of trade of a country
Which colonies had the best balance of trade with the mother country?
The middle colonies had the best balance of trade with england.
What relationship does balance of trade and mercantilism have?
Mercantilism restricts trade to only trading with the mother country.
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.
What is balance of trade?
Balance of trade is the relationship between a country's exports and imports. There is a trade surplus when a country's exports exceed its imports, and there is a trade deficit when a country's imports exceed its exports.
How can a country have a favourable balance of trade?
The country Favors one type of trade. If the country favors Food for example, their balance would be more focused on Food
What would be one effect of import substitution on the balance of trade of a country?
What would be one effect of import substition on the balance of trade of a country
Import export balance of trade?
Import-export balance of trade as captured in the Balance of Trade, is an economic measure of the country's imports ad exports, and their relationship.
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 is meant by invisible balance of trade?
Invisible balance of trade is the difference in value over a period of time of a country's imports and exports of services and payments of property incomes
What is balance of trade and payment?
Balance of payment is the difference between the money coming into the country and the money leaving the same country.
This is the difference in the monetary value of exports and imports for a country?
Balance of Trade
What is a favorable balance trade?
it is the relationship between a country's imports and exports ;)
