Question

what is trade balance? Explain it's different types​

Answer 1

Positive trade balance: If the exports of a nation are more than its imports. 2. Negative trade balance: If the exports of a nation are less than its imports.

Answer 2

Answer:

When the value of imports is more than the value of exports, it is called 'unfavorable balance of trade'. When the value of exports is more than the value of imports, it is called 'favourable balance of trade'. When the value of exports and imports is almost the same, it is called 'balanced balance of trade'.