what do you mean by frade surplus
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Do you mean trade surplus
It is the amount by which the value of a country's exports exceeds the cost of its imports.
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Answer:
TRADE SURPLUS
SURPLUS--AN EXCESS PRODUCTION OR SUPPLY
TRADE--BUYING AND SELLING GOODS AND SERVICES
Explanation:
THE AMOUNT BY WHICH THE VALUE OF A COUNTRY'S EXPORTS EXCEEDS THE COST OF ITS IMPORTS.
OR
A SITUATION IN WHICH A COUNTRY SELLS MORE TO OTHER COUNTRIES THAN IT BUYS FROM OTHER COUNTRIES : THE AMOUNT OF MONEY BY WHICH A COUNTRY'S EXPORTS ARE GREATER THAN ITS IMPORTS.
EXAMPLE : CHINA IS EXPORTING MORE GOODS THAN CHINA THAN CHINA IMPORTS FROM OTHER COUNTRIES.
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