Question

Expalin the different in type of balances
of trade

Answer 1

When import is increase and export decrease then it is unfavorable balance of trade.

When import decrease the export increase then it is called favourable balance of trade

When import and export is equal the it us called balanced balance of trade.

Answer 2

Heyy mate ❤✌✌❤

Here's your Answer...

⤵️⤵️⤵️⤵️⤵️⤵️

Balance of Trade: The situation, wherein country's exports exceed imports is a situation of favourable or surplus balance of trade.
✔✔✔✔✔