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What is favorable balance of trade?
A situation that exists when the value of a nation's exports is in excess of the value of its imports.
How is balance of trade made plural?
The plural of balance of trade is "balances of trade."
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.
When was All Pakistan Federation of Trade Unions created?
All Pakistan Federation of Trade Unions was created in 1947.
When was All Pakistan Trade Union Federation created?
All Pakistan Trade Union Federation was created in 1988.
What are the causes of adverse balance of payment in Pakistan?
The adverse balance of payments in Pakistan is primarily caused by a persistent trade deficit, where imports far exceed exports due to limited industrial competitiveness and a heavy reliance on imported goods. Additionally, factors such as rising global oil prices, external debt obligations, and political instability contribute to economic uncertainty, affecting foreign investment and remittances. Structural issues in the economy, including inadequate infrastructure and inefficient taxation, further exacerbate the situation, making it challenging for the country to achieve a sustainable balance of payments.
What is the difference between the balance of trade and the balance of payments?
the balance of trade is how much you receive the balance of payment is how much you pay
Does Pakistan trade?
yes it does! http://en.wikipedia.org/wiki/Pakistan also www.pakistan.gov.pk
When was All Pakistan Federation of United Trade Unions created?
All Pakistan Federation of United Trade Unions was created in 1992.
Can a nation have a favorable balance of trade and an unfavorable balance of payments?
Yes, as the balance of trade is only one part of the balance of payments
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.
What policies if you apply to increase the trade between Pakistan and UK?
In my views If I want to increase the trade between Pakistan and UK my first choice is trade through Letter of Credit
