Question

Define the term trade surplus. How was the income received from trade surplus with India sed by the British?

Answer 1

hey

I am meritkshitij

when the value of export exceeds value of import ,it is called trade surplus.

income received from India was used for following purpose

it managed trade deficits of england with other country.

also they used this a payment of British officials in India.

hope it helped u

pls mark brainliest

Answer 2

when the value of export exceeds value of import ,it is called trade surplus.

income received from India was used for following purpose

it managed trade deficits of england with other country.

also they used this a payment of British officials in India.