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Visible trade is when you trade in goods. This goods that you can trade are things that can be touched and weighed.

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11y ago

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What is visible trade?

visible trade deficit occurs when import expenditure exceeds the export revenue.


What is visible trade deficit?

visible trade deficit occurs when import expenditure exceeds the export revenue.


How is balance of trade calculated?

Visible exports - Visible imports


Define barries to trade?

what is barriers?


Define Trade policy?

a policy for trading.


How you define business?

an occupation, profession, or trade


The difference between visible exports and visible imports is defined as?

Balance of trade


What is the meaning of unfavorable balance of trade?

Let us first define what is the Balance of Trade (BOT). BOT is the difference between export earnings and import expenditure. Accordingly it called unfavorable balance of trade when the amount realized from physical (or tangible or visible) exports is less than the amount spent on physical imports, otherwise it is called 'favorable' Balance of Trade.


Define international trade in the words of economics?

International trade is trade of goods and services between numerous individual countries


What does visible trade mean?

Visible trade refers to the exchange of tangible goods between countries, involving the import and export of products that can be physically seen and measured, such as machinery, food, and raw materials. This type of trade is a key component of a country's balance of trade and economic performance. It contrasts with invisible trade, which involves services and intangible goods like tourism and financial services. Visible trade is crucial for understanding a nation's economic relationships and market dynamics.


How do you define import?

An import is the trade that a country takes in from other countries, where areas are an export is the trade that a country would trade from their country to another country.


Identify and define three types of trade barriers?

The 3 types are ........... and ..... does ........, ......... does ........ and finally ........... does ............