Question

What is balance trade how has international trade undergone a change in the last fifeteen yeare?

Answer 1

Explanation:

International trade has under gone a sea change in the last fifteen years. Exchange of commodities and goods have been superseded by the exchange of information and knowledge. and it is earning large foreign exchange through the export of information technology.

Answer 2

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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