Social Sciences, asked by AaliyaNausheen, 1 month ago

what is unfavourable balance of trade

Answers

Answered by guardianangelx
2

If the exports of a country exceed its imports, the country is said to have a favourable balance of trade, or a trade surplus. Conversely, if the imports exceed exports, an unfavourable balance of trade, or a trade deficit, exists.

Answered by math8677
1

Answer:

unfavorable balance of trade..

Explanation:

The difference between the value of a country's exports and the value of its imports such that imports exceed exports. ... An unfavorable balance of trade is also called a trade deficit.

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