1.

When the value of exports exceeds the value of imports, it is called favourable balance of trades. How???

Answer» ANCE of trade is the value of a COUNTRY's exports minus its importsExports are goods or services made DOMESTICALLY and sold to a foreigner. That includes a pair of jeans you mail to a FRIEND OVERSEAS. It could also be signage a corporate headquarter transfers to its foreign office. If the foreigner pays for it, then it's an export.


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