Exᴘʟᴀɪɴ ᴛʜᴇ Dɪғғʀᴇɴᴄᴇ ɪɴ ᴛʏᴘᴇs ᴏғ Bᴀʟᴀɴᴄᴇs ᴏғ ᴛʀᴀᴅᴇ
Answers
Answered by
3
Answer:
The difference in types of balances of trade can be defined in 3 ways as mentioned below. (i) When the value of imports is more than 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 'favourable balance of trade.
Answered by
5
Answer:
(i) When the value of imports is more than 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 'favourable balance of trade.
Similar questions
Math,
1 month ago
Computer Science,
1 month ago
Math,
1 month ago
English,
2 months ago
Math,
2 months ago
Social Sciences,
9 months ago
Science,
9 months ago