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| 1. |
What is Blance of Trade ? |
| Answer» The Balance of Trade of a country is the difference between its export and import.In following situations, it is favourable and unfavourable(i) When the value of export exceeds the value of imports, it is called a favourable balance of trade.(ii) On the contrary, if the value of imports exceeds the value of exports, it is termed as unfavourable balance of trade. | |