Question

Define the term 'trade surplus'.How was the income recieved from trade surplus with india used by britian?

Class-X 

Answer 1

trade surplus is an economic measure of a positive balance of trade where a country's exports exceeds its imports. A trade surplus represents a net inflow of domestic currency from foreign markets and is the opposite of a trade deficit which represents a net outflow

Answer 2

Explanation:

A trade surplus is an economic measure of a positive balance of trade, where a country's exports exceed its imports