Question

balance of trade and its types?​

Answer 1

Favourable Balance of Trade: The situation, wherein country's exports exceed imports is a situation of favourable or surplus balance of trade. 2. ... Excess of total value of goods, imported over the total value of goods exported is termed as unfavourable or adverse or deficit balance of trade.

Answer 2

Hey mate

Here is your answer : Balance of trade : The difference between the value of goods and services exported out of a country and the value of goods and services imported into the country.

Hope it helps!!