Define trade surplus.how did the trade surplus in india benefits britain.
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Heya...
Trade surplus refers to the difference between exports and imports...
Higher the exports higher the trade surplus...
* At the time of colonialism Britishers used to export raw materials from India in large amount which cause the rise in exports and trade surplus...
* But that surplus was used by Britishers only it's benefits not reached to Indians....
* From our trade surplus huge Administrative expensive were incurred by the Britishers to manage their colonial rule in India...
Trade surplus refers to the difference between exports and imports...
Higher the exports higher the trade surplus...
* At the time of colonialism Britishers used to export raw materials from India in large amount which cause the rise in exports and trade surplus...
* But that surplus was used by Britishers only it's benefits not reached to Indians....
* From our trade surplus huge Administrative expensive were incurred by the Britishers to manage their colonial rule in India...
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