how does unfavourable and favourable balance affect the trade
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Answer:
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- unfavorable If country's imports are more than its exports, that is the value of imports exceeds value of exports, it amounts to unfavourable balance of trade. favourable exports are more than imports it amounts to trade surplus as it leads to inflow of foreign capital✔️
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Answer:
favourable exports are more than imports it amounts to trade surplus as it leads to inflow of foreign capital. unfavorable If imports and more than exports it amounts to trade deficit. *favorable trade when there is an excess of export over import its called favourable balance of trade.
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