Question

what is balance of trade in which situation it is favourable and unfavourable

Answer 1

.a favourable trade balance implies when exports of a country are more than imports, that is the value of exports are more than its value of imports in a particular period of time.

unfavorable If country's imports are more than its exports, that is the value of imports exceeds value of exports, it amounts to unfavourable balance of trade.

b. . favourable exports are more than imports it amounts to trade surplus as it leads to inflow of foreign capital.

unfavorable If imports and more than exports it amounts to trade deficit.

Answer 2

✨• WHAT IS MEANT BY TRADE?

Answer : The exchange of goods among people, states and countries is referred to as “Trade”.

✨• WHAT ARE THE TWO COMPONENTS OF TRADE?

Answer : “Export” and “Import” are the two components of trade.

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✨✔️✔️HERE IS YOUR ANSWER....

Balance Of Trade of a country is the difference between its exports and imports.

• Favourable Balance Of Trade :-
When the value of exports exceeds the value of imports. It is called Favourable balance of trade.

• Unfavorable Balance Of Trade :-
When the value of imports exceeds the value of exports. It is called Unfavorable Balance Of Trade.

✨✔️✔️HOPE IT HELPS YOU...
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