Geography, asked by sambru9612, 6 hours ago

Explain graphically the different types of balance of trade

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Answered by singhsaanvi061
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The difference in types of balances of trade can be defined in 3 ways as mentioned below. (i) When the value of exports, it is called 'unfavorable balance of trade'. (ii) When the value of exports is more than the value of imports, it is called 'favorable balance of trade'.

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