Question

what are the types of balance trade? ​

Answer 1

Explanation:

Favourable Balance of Trade: The situation, wherein country's exports exceed imports is a situation of favourable or surplus balance of trade.

Unfavourable/Deficit Balance of Trade: ADVERTISEMENTS: ...

Equilibrium in Balance of Trade: ADVERTISEMENTS:

Answer 2

Answer:

The types of balance trade:

importing and exporting for goods there are two situations that arise: Balance of Trade deficit: when the value of imports surpasses the total value of exports within a year. Balance of Trade surplus: this happens when the value of exports is more than the value of total imports of the country in a year.