Question

What do you mean by Balance of Payments ? What is disequilibrium in Balance of Payments ?

Answer 1

Hey mate.

Here is your answer.

Balance of payments :-

The balance of payments, also known as balance of international payments and abbreviated B.O.P. or BoP, of a country is the record of all economic transactions between the residents of the country and the rest of the world in a particular period of time.

A country's balance of payments is said to be in disequilibrium when its autonomous receipts (credits) are not equal to its autonomous payments (debits).

Hope it helps.

Don't forget to like and follow.