Question

Distinguish between visible and invisible trade

Answer 1

Answer:

The difference between visible exports and visible imports is known as Balance of Trade (BOT). Invisible goods are not recorded at ports and are not seen crossing the borders. Invisible trade involves the import and export of services rather than goods. ... Visible goods are those goods which are visible to our eyes.

Hopefully this will help u get ur answer : )

Answer 2

Answer:

The differences between visible and invisible trade are comprehended as Balance of Trade (BOT).

Explanation:

Visible goods are those goods that are visual to our sight. The exports and imports of observable goods are registered at the harbors and can be seen traveling the boundary. Examples of visible objects are exports and imports of goods like machinery, rice, grain, fabric, herbs, etc.

Invisible goods are not registered at ports and are not caught traveling the barriers. Invisible trade concerns the import and export of services instead than goods. All kinds of services like the usefulness of shipping, banking, tourism, investment services, education, unilateral transfers, etc.

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