Question

what is meant by the balance of
trade

Answer 1

HEY FRIEND HERE IS YOUR ANSWER

————

The balance of trade is the difference between the value of a country's imports and exports for a given period. The balance of trade is the largest component of a country's balance of payments.

————


PLEASE FOLLOW ME GUYS

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.

____________________________
........................................................................

✨✔️✔️HERE IS YOUR ANSWER....

Balance Of Trade of a country is the difference between its exports and imports.
Two forms of balance of trade are :-

• 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...
✌❤✌