Economy, asked by pj316742, 2 months ago

Explain the concept of Balance of Trade.

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Answered by Rockstar9086

Balance of trade (BOT) is the difference between the value of a country's exports and the value of a country's imports for a given period. Balance of trade is the largest component of a country's balance of payments (BOP).

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Answered by litzSofil

Answer:Balance of trade (BOT) is the difference between the value of a country's exports and the value of a country's imports for a given period. Balance of trade is the largest component of a country's balance of payments (BOP).

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