define balance of trade.distinguish between the two forms of balance of trade .
Answers
Answered by
1
Trade means the buying and selling of goods and services.
LOCAL TRADE: Trade within the geographical boundary of a country.
INTERNATIONAL TRADE:It refers to trade between two or more countries.
LOCAL TRADE: Trade within the geographical boundary of a country.
INTERNATIONAL TRADE:It refers to trade between two or more countries.
Answered by
0
✨• WHAT IS MEANT BY TRADE?
Answer : The exchange of goods among people, states and countries is referred to as “Trade”.
✨• WHAT ARE THE TWO COMPONENTS OF TRADE?
Answer : “Export” and “Import” are the two components of trade.
____________________________
........................................................................
✨✔️✔️HERE IS YOUR ANSWER....
Balance Of Trade of a country is the difference between its exports and imports.
• Favourable Balance Of Trade :-
When the value of exports exceeds the value of imports. It is called Favourable balance of trade.
• Unfavorable Balance Of Trade :-
When the value of imports exceeds the value of exports. It is called Unfavorable Balance Of Trade.
✨✔️✔️HOPE IT HELPS YOU...
✌❤✌
Answer : The exchange of goods among people, states and countries is referred to as “Trade”.
✨• WHAT ARE THE TWO COMPONENTS OF TRADE?
Answer : “Export” and “Import” are the two components of trade.
____________________________
........................................................................
✨✔️✔️HERE IS YOUR ANSWER....
Balance Of Trade of a country is the difference between its exports and imports.
• Favourable Balance Of Trade :-
When the value of exports exceeds the value of imports. It is called Favourable balance of trade.
• Unfavorable Balance Of Trade :-
When the value of imports exceeds the value of exports. It is called Unfavorable Balance Of Trade.
✨✔️✔️HOPE IT HELPS YOU...
✌❤✌
Similar questions