Question

What is balance of trade ??¿¿

Answer 1

Explanation:

The balance of trade, commercial balance, or net exports, is the difference between the monetary value of a nation's exports and imports over a certain time period. Sometimes a distinction is made between a balance of trade for goods versus one for services.

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Answer 2

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• The difference between the value of imports and value of exports in a specific period is called Balance of Trade.

• Unfavourable balance of trade arises when the value of imports is more than the value of export.

• Favourable balance of trade takes place when the value of export is more than the value of import.

• When there is not much difference in value of exports and imports is called balance of trade.