Define balance of payment.
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Hyy dear
Balance of payment(Bpo):
The BOP helps economists and analys ts understand the strength of a country's economy in relation to other countries. For example, a country with a large trade deficit is essentially borrowing money to purchase goods and services, but a country with a large trade surplus is doing the opposite.
Hope it will help you..
Balance of payment(Bpo):
The BOP helps economists and analys ts understand the strength of a country's economy in relation to other countries. For example, a country with a large trade deficit is essentially borrowing money to purchase goods and services, but a country with a large trade surplus is doing the opposite.
Hope it will help you..
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The balance of payments, also known as balance of international payments and abbreviated B.O.P. or BoP, of a country is the record of all economic transactions between the residents of the country and the rest of world in a particular period of time.
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