Geography, asked by pdasawadkar, 8 months ago

explain the difference in types of balances of trade​

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Answered by Angelmurugan2134
11

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Answered by Priya417600
5

When the value of imports is more than the value of exports, it is called 'unfavorable balance of trade'. When the value of exports is more than the value of imports, it is called 'favourable balance of trade'. When the value of exports and imports is almost the same, it is called 'balanced balance of trade'.

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