Economy, asked by neetuthakur9247, 1 year ago

Difference between favourable and unfavourable balance of trade in 5 points

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Answered by maniverma
0
The difference between exports and imports is called the balance of trade. ... The balance of trade can befavourable or unfavourable. If imports are greater than exports, it is anunfavourable balance of trade. If exports exceed imports, it is afavourable balance of trade.
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