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| 1. |
Difference between favourable and unfavorable balance of trade |
| Answer» a. Favourable trade balance implies when exports of a country are more than imports, that is the value of exports are more than its value of imports in a particular period of time.unfavorable If country\'s imports are more than its exports, that is the value of imports exceeds value of exports, it amounts to unfavourable balance of trade.b. . favourable exports are more than imports it amounts to trade surplus as it leads to inflow of foreign capital.unfavorable If imports and more than exports it amounts to trade deficit. | |