What is invisible trade
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Invisible trade refers to an international transaction which does not involve tangible goods, but services, such as consultancy services, insurance, banking, intellectual property, international tourism, etc. ... Invisible trade is one type of Invisibles, which include payments made for services.
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What is invisible trade?
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Invisible trade refers to an international transaction which does not involve tangible goods, but services, such as consultancy services, insurance, banking, intellectual property, international tourism, etc. ... A country's invisible trade needs to be accounted for while calculating the total balance of trade.
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Parameshwari…
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