Question

what is balance of trade ? ..

Answer 1

HELLO FRIEND HERE IS UR ANSWER

Balance between Export or import is known as balance of trade.

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Answer 2

Hello friend



here is your answer :-


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❄balance of trade❄

✨It refers to the relationship between the value of country's imports and it's export , the visible balance.

Balance of trade refer to the total of country's export commodities and total value of imports commodities.

Thus,

balance of trade includes only visible trades

for example

movement of good (export and import of good)

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