what is favourable trade and in favourable trade???
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When a country's exports are greater than its imports, it has a trade surplus. Most nations view that as a favorable trade balance.
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If the foreigner pays for it, then it's an export. ... When a country's exports are greater than its imports, it has a trade surplus. Most nations view that as a favorable trade balance.
When exports are less than imports, it creates a trade deficit. Countries usually regard that as an unfavorable trade balance.
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