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What Do You Understand By Balance Of Trade? |
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Answer» BALANCE of TRADE can be understood by the difference of TOTAL value of exports and total value of imports. If imports are more than exports there is a trade deficit, and in vice versa SITUATION it is known as trade SURPLUS. balance of trade can be understood by the difference of total value of exports and total value of imports. If imports are more than exports there is a trade deficit, and in vice versa situation it is known as trade surplus. |
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